Tag: Unity Bank Plc

2021 9M Results: Unity Bank grows profit after tax by 23% to N1.94 billion.

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Unity Bank released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Net interest income for the period was N14.6 billion (+15% YoY)
  • Fee and commission income of N4.56 billion (+16% YoY)
  • Operating income was N19.4 billion. (+8% YoY)
  • Operating expenses totalled N18.3 billion. (+14% YoY)
  • Total assets for the period stood at N574.6 billion. (+17% Ytd)
  • Profit for the period was N1.94 billion. (+23% YoY)
  • Earnings per share of 16.57 kobo Vs 13.46 kobo YoY.

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Unity Bank grows profit after by 34% to N1.38 billion in Half Year 2021.

Chidi Emenike Leave a comment

Unity Bank Plc released its unaudited financial results for the period ended June 30, 2021.

  • Net interest income for the period was N9.9 billion. (+9% YoY)
  • Net fee and commission income of N3.07 billion. (+21% YoY)
  • Operating expenses totalled N12.42 billion (+16% YoY)
  • Net loans and advances to customers stood at N246.9 billion. (+22% YTD)
  • Profit for the period was N1.38 billion.(+34% YoY)
  • Earnings per share of 11.82 kobo Vs 8.82 kobo

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Unity Bank Plc projects profit after tax of N380.82 million in Q3 2021.

Chidi Emenike Leave a comment

Unity Bank Plc released its earnings forecasts for the third quarter of the year (Q3, 2021).

  • Gross earnings were projected at N10.9 billion.
  • Interest income projection of N7.2 billion.
  • Net operating income was projected at N4.65 billion.
  • Operating expenses projection of N4.23 billion.
  • Tax was projected at N35.4 million.
  • Profit after tax was projected at N380.82 million.

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2021 Q1 Results: Unity Bank records a 43% surge in profit to N721.5 million

Chidi Emenike Leave a comment

Unity Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N4.8 billion. (+16% YoY)
  • Net fee and commission income was N1.6 billion. (-14% YoY)
  • Net operating income was N6.7 billion. (+12% YoY)
  • Total operating expenses of N5.9 billion. (+9% YoY)
  • Profit for the period was N721.5 million. (+43% YoY)
  • Earnings per share of 6 kobo Vs 4 kobo YoY

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2020 FY Results: Unity Bank Plc posts profit after tax of N2.09 billion.

Chidi Emenike Leave a comment

Unity Bank Plc released its full-year audited results for the year ended 31st December, 2020.

  • Net interest income for the year was N17.75 billion. (+7.6% YoY)
  • Fee and commission income of N5.22 billion. (+4.84% YoY)
  • Total operating income was N21.34 billion. (-15.1% YoY)
  • Operating expenses totalled N23.24 billion. (+18.8% YoY)
  • Profit after tax for the year was N2.09 billion. (-38.3% YoY)
  • Earnings per share of 18 kobo s 29 kobo YoY.
  • No dividend was announced for the period.

See link to results.