The United Bank for Africa (UBA) says it recorded N757.7 billion in profit before tax (PBT) in 2023 -- rising from N201 billion in 2022.
The United Bank for Africa says it recorded N757.7 billion in profit before tax in 2023 — rising from N201 billion in 2022.
Furthermore, the bank’s total assets also rose remarkably by 90.22 percent, to N20.65 trillion in December 2023 – up from N10.86 trillion in 2022. “The Group’s shareholder’s funds crossed N2 trillion from N922 billion in 2022, whilst total assets crossed the N20 trillion mark . “Driven by our customer service and execution-led delivery model, we will continue to expand our market share and create value for our shareholders and meet the expectations of our various stakeholders.”On his part, Ugo Nwaghodoh, UBA’s executive director, finance and risk management, said 2023 was a particularly eventful year, with galloping inflation and currency depreciation ravaging key markets, amidst pockets of regional conflicts and security challenges.
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