UBA Reports Strong Financial Growth for 2025 Fiscal Year
United Bank for Africa (UBA) PLC declared impressive financial results for the 2025 fiscal year, with total revenue showing a variance in performance across its regional operations. West African countries led with ₦1.01 trillion in operational revenue, marking a 19% increase from ₦852 billion in 2024.
East and Southern Africa reported ₦178 billion, a 5% increase from ₦169 billion in 2024, while Central Africa maintained stability with ₦488 billion in operational revenue. UBA's profit before tax in West Africa reached ₦457 billion, a significant 53% increase from ₦298 billion in 2024.
Notable growth was also seen in Côte d'Ivoire, where profit before tax rose to ₦126.58 billion, a 121.2% increase from ₦57.24 billion in 2024. UBA Ghana's profit before tax increased by 252% to ₦78.17 billion.
The bank's total assets grew by 9.4% to ₦33.2 trillion, with Nigerian subsidiaries contributing ₦16.41 trillion. Custom deposits also grew by 11.8% to ₦27.2 trillion.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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