UBA’s net profit rises by 43.4%, generates N78.94bn from ATM, POS, others

The United Bank for Africa (UBA) reported 43.4 per cent growth in its profit after tax for the financial period of 2022, with its electronic banking income rising by 22.2 per cent.

UBA posted N170.27 billion net profit last year, which is N51.59 billion more than the N118.67 billion generated by the lender the year before.

This was disclosed in the financial institution’s Consolidated and Separate Financial Statements for the Year Ended December 31, 2022, which was released on Thursday.

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