UBA Plc posts profit after tax of N38.16 billion in Q1 2021.

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

• Net interest income for the period was N74.4 billion. (+13.7% YoY)
• Net fee and commission income was N20.4 billion. (+8.9% YoY)
• Net operating income after impairment was N104.6 billion. (+14.6% YoY)
• Total operating expenses of N64.45 billion. (+9.9% YoY)
• Profit for the period was N38.16 billion. (+26.8% YoY)
• Earnings per share of N1.04 Vs 83kobo YoY.

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