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United Bank for Africa: an impressive jump in gross profits recorded in 2023

28/05/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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UBA recorded an impressive jump in gross profits at the end of fiscal year 2023, from 853.2 billion naira at the end of 2022 to 2.07 billion naira at the end of 2022 to 2.07 billion naira, representing a strong growth of 143%.

A press release issued by the UBA mentioned that total assets also increased by 90.22%, to close at 20.65 trillion naira, up from 10.86 trillion naira in 2022. Pre-tax profit also grew exponentially by 277%, to close at 758 billion naira, up from 200.88 billion naira in 2022; while after-tax profit (PAT) grew by 257%, from 170.2

billion naira in 2022 to 607 billion naira.
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