Tony Elumelu, who just celebrated his 60th birthday, is set to receive a huge birthday present from his investment
UBA, of which Elumelu is the chairman, has declared an impressive N210 billion profit before tax in 2022
Key indicators such as gross earnings, total assets, customer loans, and deposits also showed significant growth...CONTINUE READING
United Bank for Africa (UBA) has released an impressive financial performance for 2022……CONTINUE READING
The audited financial results statement released on the Nigerian exchange showed that UBA’s profit before tax increased by 31.2 percent to N201 billion in 2022 from N153.01 billion reported in 2021.
Furthermore, UBA Profit After Tax (PAT) increased by 43.5 percent to N170.2 billion in 2022, compared to N118.7 billion in the previous year.
A Summary of Key UBA numbers
Gross earnings rose to N853.2 billion, up by 29.2 percent from N660.2 billion recorded in 2021.
Total assets grew by 27.2 percent, crossing the N10 trillion mark to close at N10.9 trillion in December 2022, compared to N8.5 trillion in 2021.
Loans to customers increased by 21.4 percent to N3.4 trillion in 2022.
Customer deposits improved by 22.9 percent to N7.8 trillion, compared to N6.4 trillion recorded in the corresponding period of 2021…..CONTINUE READING
