February 20, 2017 3:50 AM ET

Banks

Company Overview of Union Bank of Nigeria Plc

Company Overview

Union Bank of Nigeria Plc provides investment, corporate, commercial, and retail banking products and services for individuals, small and medium sized companies, and corporations primarily in Nigeria and the United Kingdom. It operates through four segments: Retail Banking, Commercial Banking, Corporate Banking, and Treasury and Investment Banking. It offers current accounts, savings accounts, and term deposits; personal and corporate loans, and overdrafts; credit and debit cards; and online and mobile banking services. The company also provides credit solutions, including asset finance, corporate lending, debit capital finance, supplier finance, working capital finance, and project finance;...

Stallion Plaza

36, Marina

P.M.B 2027

Lagos,  

Nigeria

Founded in 1917

Key Executives for Union Bank of Nigeria Plc

Union Bank of Nigeria Plc does not have any Key Executives recorded.

Union Bank of Nigeria Plc Key Developments

Union Bank of Nigeria Plc, Nine Months 2016 Earnings Call, Nov 02, 2016

Union Bank of Nigeria Plc, Nine Months 2016 Earnings Call, Nov 02, 2016

Union Bank of Nigeria plc Announces Unaudited Consolidated Financial Results for the Nine Months Ended 30 September 2016

Union Bank of Nigeria Plc announced unaudited consolidated financial results for the nine months ended 30 September 2016. For the nine months, gross earnings were NGN 91.4 billion against NGN 85.4 billion for the same period of last year. Net interest income was NGN 46.4 billion against NGN 38.8 billion for the same period of last year. Profit before tax was NGN 13.2 billion against NGN 13.2 billion for the same period of last year. Profit after tax was NGN 13.1 billion against NGN 13.1 billion for the same period of last year. Return on equity was 7.5% against 8.2% for the same period of last year. Return on assets was 1.7% against 1.8% for the same period of last year. Earnings per share was 77k against 77k for the same period of last year.

Union Bank of Nigeria plc Announces Unaudited Group and Company Earnings Results for the Half Year Ended 30 June 2016

Union Bank of Nigeria Plc announced unaudited group and company earnings results for the half year ended 30 June 2016. For the period, on company basis, net interest income was NGN 30.0 billion against NGN 25.3 billion a year ago. Profit before tax was NGN 9.1 billion against NGN 10.2 billion a year ago. Profit after tax was NGN 9.0 billion against NGN 10.0 billion a year ago. Return on equity was 7.7% against 9.3% a year ago. Return on assets was 1.7% against 2.0% a year ago. Net asset value per share as at June 30, 2016 was NGN 13.79 against NGN 12.74 a year ago. Earnings per share were 53 kobo against 60 kobo a year ago. For the period, on group basis, net interest income was NGN 30.9 billion against NGN 26.3 billion a year ago. Profit before tax was NGN 8.9 billion against NGN 6.6 billion a year ago. Profit after tax was NGN 8.8 billion against NGN 6.5 billion a year ago. Return on equity was 6.9% against 5.8% a year ago. Return on assets was 1.6% against 1.2% a year ago. Net asset value per share as at June 30, 2016 was NGN 14.93 against NGN 13.54 a year ago. Earnings per share were 52 kobo against 38 kobo a year ago.

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