UBA records 33% rise in quarterly profit amid interest income boom

UBA records 33% rise in quarterly profit amid interest income boom

Net interest income, the difference between the interest banks charge on loans and what they pay out to depositors and other lenders, was up by 17 per cent at N351.9 billion. The post UBA records 33% rise in quarterly profit amid interest income boom appeared first on Premium Times Nigeria.

Access Holdings leads as Nigerian banks double IT spending to N518.5 billion in 2024

Nigeria’s top banks ramped up their investments in technology infrastructure in 2024, collectively spending N518.5 billion to modernize their operations.  The post Access Holdings leads as Nigerian banks double IT spending to N518.5 billion in 2024  appeared first on Nairametrics.

Government, Not Shareholders, Emerges the Biggest Winner in Nigeria’s Banking Boom, Earning Over N1.16tn in 2024

In 2024, Nigeria’s leading banks rode a wave of macroeconomic volatility to record-breaking profits. Collectively, nine top banks—Access Holdings, FCMB, Fidelity, First Holdco, GTCO, Stanbic IBTC, UBA, Wema Bank, and Zenith—declared a staggering N4.786 trillion in profit after tax, a 53.34% rise from the N3.121 trillion posted in 2023. But beyond the surge in bottom-line […] The post Government, Not Shareholders, Emerges the Biggest Winner in Ni…

Access Holdings Plc Records N642.2 Billion Profit In 2024 As Interest Income Surges

Access Holdings Plc has posted a strong financial performance for the year ended 31 December 2024 with its Group profit rising to N642.2 billion amid sustained growth in core banking operations and increased efficiency in asset utilisation. According to the audited consolidated and separate statement of comprehensive income released by the company, interest income calculated using […] The post Access Holdings Plc Records N642.2 Billion Profit in…

UBA posts N189.84bn profit in Q1 2025

United Bank for Africa (UBA) has announced a profit of N189.84 billion for the first quarter of 2025, marking a strong start to the financial year. This represents a 33.15 per cent increase compared to the N142.58 billion recorded during the same period in 2024. The bank revealed this in a corporate disclosure filed with … The post UBA posts N189.84bn profit in Q1 2025 appeared first on Dateline Nigeria.

BREAKING: UBA posts 33% rise in Q1 2025 profit as interest income surges

United Bank for Africa (UBA) Plc, a lender with operations across 20 African countries, reported a 33% increase in first-quarter profit, buoyed by strong growth in interest income. Profit after tax for the three months ended March 31, 2025, climbed 33% to ₦189 billion from ₦142 billion in the corresponding period last year, according to the bank’s unaudited results released Wednesday. The performance builds on the momentum from its full-year 202…