In its audited financials for 2023, released earlier in the year, the United Bank for Africa (UBA) posted a record N607.7 billion in annual net profit after a significant increase in interest income and foreign exchange gains impacted its bottom line by 256.9 per cent.
Gross revenue for the pan-African financial services group advanced to N2.1 trillion from N853.2 billion while interest income from lending and investment securities nearly doubled to N1.1 trillion, helped by the…
Read the full article here