UBN Declares N10.8bn PAT in Q2 2020 Results, (SP:N5.40K)


Thursday, July 30, 2020 / 10:55 AM / By NSE / Header Image Credit: Union Bank of Nigeria/Ecographics

Union Bank of Nigeria Plc released its Q2 2020 Unaudited results for the period ended June 30th, 2020.

Key Highlights

  • Gross Earnings grew by 7.7% to N81.9bn from N76bn in the previous quarter.

  • Profit before tax declined by 7% to N11bn.

  • Profit after tax declined by 9% to N10.8bn.

  • Net Assets grew by 2.4% from N252bn to N259bn.

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