UBA’s first-quarter profit rises 20 percent

United Bank for Africa (UBA) plc in its first quarterly result for 2019 showed a strong start to the year as the pan-African bank improved its top-line and bottom-line.

Net income for the bank grew by 20 percent to N28.66 billion, from N23.74 billion in corresponding quarter of 2017. The result was on the back of a double-digit growth in Interest income on financial assets at fair value through profit or loss to N96.89 billion in the review period.

Details later….