UBA Reports N388.4 Billion Pre-Tax Profit in H1 2025, Despite Challenges

United Bank Africa (UBA) Plc reported a pre-tax profit of N388.4 billion in H1 2025, with a marginal decline compared to the same period last year. Despite this, the bank showed resilience with stronger revenue growth, driven by interest income surging to N1 trillion.

However, rising funding costs led to a rise in interest expenses. UBA's net interest income rose to N773 billion, while net fee and commission income stood at N147 billion.

The bank also reported a net trading foreign exchange loss of N10 billion. Operating expenses increased, causing the profit to slip to N147 billion.

Overall, UBA's performance reflects a mix of challenges and growth opportunities in the banking sector.