Comedy Videos | News | Celebrity News | Football | BBNaija | Fashion | Jokes


Unity Bank Reports N2.72bn Profit In 3Q

Unity Bank Plc announced N2.72 billion profit before tax for its unaudited third quarter financial report.

The commercial bank attributed the modest performance to the challenging operating environment while pointing to key financial indices to validate sustained growth.

“This attests to the bank’s ability to remain profitable and resolute in its commitment to delivering value and return on investment to its shareholders and customers,” it said in a statement.

The commercial bank reported gross earnings of N65.03 billion in the third quarter, up from N64.58 billion recorded in the corresponding quarter of 2016. Post- tax profit stood at N2.45 billion.

However, operating expenses were down 2 percent from N18.9 billion in the 3Q of 2016 to N18.6 billion in the 3Q of 2017. This, the bank attributed to cost containment initiatives instituted by the bank to optimize resources for efficiency and effectiveness.

Earnings per share stood at 20.94 kobo in the quarter.

Speaking on the report, Mrs. Tomi Somefun, the Managing Director/Chief Executive Officer, Unity Bank said “the bank in the process of repositioning itself had tapped into the emerging opportunities in the enlarged economic space within Nigeria particularly in the agriculture and the Small and Medium Enterprises value chains.”



Click Here To Comment On This Post

Promote Your Music Here On 9jaflaver

Call Only:- +2348114624972 or +2348143945195

[Music] Wizkid - Soco

[Music] Olamide - C-Ronaldo

[Music] Lil Kesh - Apa Mi

[Music] Seriki Ft Reminisce - Saka Manje

[Music] Orezi Ft Tekno – Whine For Daddy

[Music] Paul Okoye (Rude Boy) – Somebody Baby

[Music] Frank Ezeh Ft Pasino – Ifunanya

[Music] Bisola – Boda Luku

About Author


About Website OwnerMr Ejump Is the owner/CEO of 9jaflaver, he's an economist, a loving, and friendly young man. CONNECT via:- FACEBOOK TWITTER

Comment Below:-

Enter Name Below (Optional)

          Enter Comment Below:-

© 2014-2018 9jaflaver. All Rights Reserved.

About us||Content Remova||Privacy Policy|Contact us

Advertis|Request For Music

9jaflaver is not responsible for the content of external sites.