Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced a strong financial performance for the half-year ended June 30, 2025, with profit after tax (PAT) rising to N335.53 billion and significant growth across key business segments.
The audited results released to the Nigerian Exchange Limited (NGX) showed that UBA’s gross earnings climbed by 17.28 percent to N1.608 trillion, up from N1.371 trillion in the corresponding period of 2024.
Interest income also surged by 32.89 percent, reaching N1.334 trillion compared to N1.003 trillion last year.
The bank’s balance sheet remained resilient, with total assets expanding by 9.71 percent to N33.3 trillion, while customer deposits grew by 11.9 percent to N27.6 trillion.
Shareholders’ funds also strengthened, rising by 23 percent to N4.22 trillion as of June 2025.
Although profit before tax dipped slightly from N401 billion in June 2024 to N388 billion, the bank maintained robust growth in its bottom line, reflecting strong earnings momentum.
UBA’s Group Managing Director/CEO, Mr. Oliver Alawuba, described the results as proof of the bank’s resilience and customer trust.
“We delivered strong double-digit earnings growth across our markets, with PAT rising year-on-year to N335 billion.
This underscores the strength of our business and the success of our strategy,” he said.
He further assured investors of progress on the bank’s ongoing Rights Issuance Programme, disclosing that Phase I was completed with N234.3 billion raised, while Phase II remains on track to meet the new capital requirements by year-end.
UBA’s Executive Director, Finance & Risk Management, Mr. Ugo Nwaghodoh, highlighted the top-line growth, noting that deposits expansion and strong capital buffers will continue to support the bank’s growth strategy.
“Capital adequacy and liquidity ratios remain well above regulatory thresholds, positioning us for sustained growth and market leadership,” he said.
With operations in 20 African countries and presence in key global financial hubs, UBA reaffirmed its commitment to expanding scale, driving digital-led income streams, and maintaining disciplined risk management for long-term shareholder value.
