Nume Ekeghe
The United Bank for Africa (UBA) Plc has announced its audited 2018 half year financial results, showing strong growth across key performance metrics as well as a significant contribution from its African subsidiaries.
Despite declining yield environment in two core markets – Nigeria and Ghana – the pan Africa financial institution delivered double digit growth in gross earnings, as it recorded a 16 per cent year-on-year rise in top-line to N258 billion, compared to N223 billion recorded in the corresponding period of 2017.
The performance, according to analysts, underscored the capacity of the UBA Group to deliver strong performance through economic cycles, even in a challenging business environment.
According to the report made available to the Nigerian Stock Exchange Wednesday, UBA reported strong growth in operating…
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