2021 Q1 Results: Unity Bank records a 43% surge in profit to N721.5 million

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

• Net interest income for the period was N4.8 billion. (+16% YoY)
• Net fee and commission income was N1.6 billion. (-14% YoY)
• Net operating income was N6.7 billion. (+12% YoY)
• Total operating expenses of N5.9 billion. (+9% YoY)
• Profit for the period was N721.5 million. (+43% YoY)
• Earnings per share of 6 kobo Vs 4 kobo YoY

See link to results.