reports
- Joshua Odebisi
- Vetiva Research
UNITED BANK FOR AFRICA PLC (UBA) - Pan-Africa business to boost bank’s...
In its FY’21 results, UBA reported a 7% y/y growth in Gross Earnings to ₦658 billion (Vetiva: ₦646 billion), thanks to an 11% y/y growth Interest Income. The bank’s impressive Interest Income growth was spurred by higher income from loans and advances, a result of the bank repricing a significant portion (over 70%) of its loan book during the year. Furthermore, the bank bucked the trend of lower income from investment securities, reporting a 4% growth in the line item during the year as the bank...
- Joshua Odebisi
- Vetiva Research
UNITED BANK FOR AFRICA PLC H1'20 Earnings Release - High costs and imp...
High costs and impairments impact half-year profits Cost drag moderates performance as Opex rises y/y UBA released its H1’20 results yesterday, reporting mild 2% y/y growth in Gross Earnings to ₦300.3 billion (Vetiva estimate: ₦287.1.9 billion). This was driven by a 6% y/y uptick in Non-interest Income to ₦94.7 billion while Interest Income remained flat. However, Net interest Income did improve by 8% y/y to ₦119.3 billion, in lin...
- Joshua Odebisi
UNITED BANK FOR AFRICA PLC Q1'20 Earnings Release - Solid earnings acr...
Solid earnings across board in tricky first quarter UBA recently released its Q1’20 results, reporting a 12% y/y growth in Gross Earnings to ₦147.2 billion (Vetiva estimate: ₦151.9 billion), driven by an 11% y/y growth in Interest Income (II) to ₦109.1 billion and a 15% y/y jump in Non-Interest Income to ₦38.1 billion (Vetiva estimate: ₦42.7 billion). Meanwhile, Opex jumped 15% y/y to ₦68.2 billion (Vetiva estimate: ₦67.6 billion), ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.