Union Bank Declares N118.4bn Gross Earnings In 2015

Union Bank of Nigeria Plc on Friday announced gross earnings of N118.4 billion for the financial year ended December 31, 2015.

This is contained in a statement issued by the bank and made available to journalists in Lagos.

According to the statement, this is against N109.8 billion declared in 2014, indicating an increase of eight per cent.

The bank’s profit before tax stood at ?18.1 billion compared with ?20.7 billion posted in the preceding period of 2014 including gain on sale of subsidiaries.

It stated that net interest income grew by six per cent to ?53.8 billion against ?50.6 billion in 2014, while asset yield stood at 16.4 per cent compared with 14.9 per cent in the previous year.

READ ALSO:  Corruption Will Fight Buhari; APC Will Break; Mass Sack In NNPC, Banks – Primate Ayodele

You may also like...