Union Bank of Nigeria Plc reports N3.61 billion as Net Profit for third quarter ended 30 September, 2021

Union Bank of Nigeria Plc has released its unaudited financial statement for the third quarter ended 30th of September, 2021.

  • Interest income during the period was N32.16 billion. (+13.84% YoY)
  • Interest expense for the period was N20.92 billion. (+45.20% YoY)
  • Net interest income for the period was N11.24 billion
  • Net Fee and commission income during the period was N3.74 billion. (+75.89% YoY)
  • Operating income of N23.00 billion was recorded.
  • Profit before income tax was reported as N3.89 billion. (-6.52%)
  • Profit after tax for the period was N3.61 billion. (-16.33%)
  • Total assets during the period stood at N2.56 trillion. (+369.99 bn YtD)
  • Earnings per share of N15 kobo Vs N16 kobo.

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