UNITED BANK FOR AFRICA PLC FY’23 – Balance sheet expansion drives earnings growth

Analyst: Olumide Sole 4th Quarter Performance In its Q4 results, UBA’s Gross Earnings came in at ₦767 billion, 213% higher y/y. This was as a result of a 199% y/y growth in the bank’s Interest Income to ₦409 billion, thanks to improvements across all the interest income lines. Meanwhile, Non-Interest Revenue (NIR) also grew by…

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