Union Bank posts profit after tax of N6.21 billion in Q1 2021.

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

• Net interest income after impairment charge was N10.19 billion. (-10.5% YoY)
• Net fee and commission income was N3.06 billion. (-1.64% YoY)
• Operating income of N24.39 billion. (+0.1% YoY)
• Total expenses of N17.35 billion. (-3.7% YoY)
• Profit after tax was N6.21 billion. (+3.2% YoY)
• Earnings per share from continuing operations of N23 kobo Vs 21 kobo YoY.

See link to results.