Union Bank Plc posts N18.7 billion profit in FY 2020.

Union Bank of Nigeria Plc released its full-year results for the year ended 31 December 2020.

  • Net interest income after adjusting for credit losses was N59.7 billion. (+14% YoY)
  • Net fee and commission income was N10.5 billion. (-7.2% YoY)
  • Operating income was N104.13 billion. (+9.4% YoY)
  • Profit After Tax was N18.7 billion. (-6.1% YoY)
  • Total expenses was N78.4 billion. (+10.5% YoY)
  • Customers deposits totaled N1.13 trillion (+27.1% YoY)
  • Earnings per share from continuing operations printed 85 kobo. (+2.14% YoY)
  • A dividend of 25 kobo was announced.

See link to results.

The Bank re-scheduled the time for its Investors call fixed on the 22nd of March 2021, from 3:00 pm to 2:00 pm. Sequel to this, interested participants are urged to register via the following link: https://www.diamondpass.net/2935416

One thought to “Union Bank Plc posts N18.7 billion profit in FY 2020.”

Leave a Reply

Your email address will not be published. Required fields are marked *