UBA declares a dividend of N0.35kobo per share
The United Bank for Africa (UBA) has declared an impressive result for the year ended December 31 2020 with a gross earning of N620.4 billion and a profit before tax of N131.9 billion.
The audited result which was release on the Nigeria Stock Exchange (NSE) website had the following key highlights:
The gross earnings of the bank grew by 10.8 per cent to N620.4 billion when compared to N559.8 billion recorded in 2019.
The asset of the bank grew by 37.0 percent to N7.7 trillion in 2020
The Profit Before Tax (PBT) hit N131.9 billion when compared to the corresponding period of 2019
In the same vein, the Profit After Tax (PAT) grew by 27.7 percent to N113.8 billion compared to N89.1 billion.
Operating expenses grew by 10.1 percent to N249.8 billion compared to N217.2 billion.