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United Bank for Africa has released its 2024 half-year earnings declaring a pre-tax profit of N401.5 billion, which compares to N403.6 billion reported a year earlier.
The bank’s impressive profit position was underpinned by a robust N614.4 billion in net interest income after impairments.
This represents a 395% increase compared to the N124.1 billion reported in the same period in 2023, suggesting the quality of its half-year’s profit was driven by core business fundamentals and not forex.
UBA also impressed investors with a N2 per share interim dividend.
