Diversified business model, others lift UBA’s Q3 profit by 12.3 per cent | The Guardian Nigeria News - Nigeria and World News

Specifically, the bank’s unaudited result for the period ended September 31, 2022 showed 12.3 per cent rise in PBT from N123.4 billion to N138.5 billion while gross earnings also rose to N608 billion, up from N493 billion achieved in 2021.

The bank linked the improved performance to its diversification model and technology-led initiatives targeted at improving customer experience over the past few years. Its shareholders’ funds also stood at N809 billion higher than N805 billion recorded in December 2021. He said: “We continue to reap the benefits of our diversification strategy and customer -1st philosophy, as well as build resilience in our operations across Africa and the rest of the world to support the mission of providing superior value to our stakeholders.

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UBA’s Q3 gross earnings hit N608bnAfrica’s Global Bank, United Bank for Africa Plc has disclosed that its gross earnings rose to N608bn as of the end of September 2022 from N493bn in September 2021. This was amassed from illegal deductions of it's customers savings.
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