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[Corporate Action] Unity Bank Posts 15% Drop In Profits to N9.3 billion In Q3’2015

Unity Bank released its financial results for the nine months ended September 30 2015. The result showed that Net interest income dipped by 18.84% from N25 billion to N20 billion in Q3’2015. Pre-tax profits also dropped by 13.90% from N12 billion to N10 billion in Q3’2015. See Summary of result below.. Other News Stanbic IBTC […]

[Corporate Action] Unity Bank Posts 15% Drop In Profits to N9.3 billion In Q3’2015

Unity Bank released its financial results for the nine months ended September 30 2015.

The result showed that Net interest income dipped by 18.84% from N25 billion to N20 billion in Q3’2015.

Pre-tax profits also dropped by 13.90% from N12 billion to N10 billion in Q3’2015.

See Summary of result below..

UNITY BANK Q3 2015 Sep-15 Sep-14 % Change
N’m N’m
Net Interest Income 20,854 25,695 -18.84%
Commission Fees & Other Income 7,173 6,511 10.17%
Operating Expenses -22,803 -20,865 9.29%
Pre-tax profits 10,347 12,018 -13.90%
Profit After Tax 9,313 11,057 -15.77%
Share Price(as at press time)  N1.30

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