UBA Declares 20kobo Dividend Amid N222.718bn First-half Earnings

Shareholders in United Bank for Africa (UBA)Plc are to be paid 20 kobo dividend, courtesy of impressive half-year earnings.
The bank on Thursday, August 24 released its audited consolidated and separate financial statements for the half- year (H1) ended June 30, 2017.
The group reported gross earnings of N222.718billion from N165.580billion it earned in H1 2016. Net interest income (NII) increased to N101.37billion in H1 2017 from N64.132billion in same period of 2016.

The group total assets rose to N3.690trillion as at June 30, 2017 from N3.504trillion recorded as at December 31, 2016.
Profit Before Tax (PBT) grew to N57.53billion from first-half 2016 level of N34.756billion. Profit After Tax stood higher at N42.33billion from N27.10billion in first-half of 2016.