UBA Reports 9.4% Asset Growth for 2025 Financial Year

United Bank for Africa (UBA) announced a 9.4% growth in total assets, reaching N33.2 trillion for the year ending December 31, 2025, compared to N30.3 trillion at the end of 2024. The bank also reported an 11.8% increase in customer deposits, rising from N24.3 trillion in 2024 to N27.2 trillion.

Despite a decline in gross earnings from N3.19 trillion to N3.09 trillion, UBA's core business demonstrated resilience, with operational profit exceeding N1 trillion. The bank's Group Managing Director and Chief Executive Officer, Olive Alawuba, emphasized the strength of UBA's diversified model across Africa, which contributed significantly to asset revenue and profit.

The bank's capital adequacy ratio stood at 23.2%, supporting future growth. UBA successfully concluded a capital raising program, oversubscribed at N395 billion, to enhance its capacity to support key sectors.

Ugo Nwaghodoh, Executive Director of Financial Risk Management, noted the proactive approach to managing credit risks amid macroeconomic uncertainties.