United Bank for Africa has announced a profit of N189.84 billion for the first quarter of 2025, marking a strong start to the financial year.
The profit in Q1 2025 represents a 33.15 percent increase compared to the N142.58 billion recorded during the same period in 2024.
The bank revealed this in a corporate disclosure filed with the Nigerian Exchange Limited on Wednesday.
Profit before tax also rose significantly by 30.65 percent, from N156.34 billion in 2024 to N204.27 billion in 2025.
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Interest income jumped by 36.09 percent year-on-year, reaching N599.83 billion, up from N440.76 billion the previous year.
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