UBA group posts 47.5% growth in gross earnings as profit hits N61.4bn

The Bank’s result which was released to the Nigerian Exchange Limited (NGX) showed that gross earnings rose by 47.5 percent from N183.9 billion to N271.2 billion; while Interest Income which stood at N125.9 billion as at March 2022, grew by 53.4 per cent to N191.9 billion in the quarter under consideration.

Following the sterling performance recorded in its just released 2022-year-end financials, UBA again saw its profit before tax (PBT) rising significantly by 38.2 percent to N61.4 billion in Q1 2023, up from N44.5 billion recorded in the first quarter of 2022.