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Bank Performance 2018: UBA Raises Earnings To N258 Billion

The pan Africa financial institution, United Bank for Africa Plc. (UBA) has announced its audited 2018 half-year financial results, showing strong growth across key performance metrics. The Group Managing Director/CEO, United Bank for Africa Plc, Mr. Kennedy Uzoka commenting on the results, said; “Our performance in the first half the year reflects the resilience of our business model and strategies.”

According to top celebrities.com, The pan Africa bank has been able to deliver double-digit growth in gross earnings, as it records a 16 percent year-on-year rise in top-line to N258 billion, compared to N223 billion recorded in the corresponding period of 2017.

According to the report filed to the Nigerian Stock Exchange (NSE) on Wednesday, UBA reported growth in operating income at N168.5bn, compared to N161.8bn in the first half of 2017, an increase of 4.1 percent.

The pan Africa bank has been able to deliver double-digit growth in gross earnings, as it records a 16 percent year-on-year rise in top-line to N258 billion, compared to N223 billion recorded in the corresponding period of 2017.

According to the report filed to the Nigerian Stock Exchange (NSE) on Wednesday, UBA reported growth in operating income at N168.5bn, compared to N161.8bn in the first half of 2017, an increase of 4.1 percent.

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