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Last 10.12 NGN
Change Today -0.23 / -2.22%
Volume 462.4K
As of 9:30 AM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

union bank nigeria plc (UBN) Snapshot

Open
10.12
Previous Close
10.35
Day High
10.12
Day Low
10.12
52 Week High
04/2/15 - 11.74
52 Week Low
11/7/14 - 6.48
Market Cap
171.4B
Average Volume 10 Days
456.8K
EPS TTM
1.50
Shares Outstanding
16.9B
EX-Date
11/17/08
P/E TM
6.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for UNION BANK NIGERIA PLC (UBN)

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union bank nigeria plc (UBN) Details

Union Bank of Nigeria Plc provides investment, corporate, commercial, and retail banking products and services for individuals, small and medium sized companies, and corporations in Nigeria and Europe. It operates through five segments: Retail Banking, Corporate Banking, Treasury and Investment Banking, Asset Management, and Insurance. The Retail Banking segment offers private banking services, private customer current accounts, deposits, investment savings products, custody, credit and debit cards, consumer loans, and mortgages. The Corporate Banking segment provides debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, and foreign currency products. The Treasury and Investment Banking segment offers financial instruments trading, structured financing, corporate leasing, and advisory services. The Asset Management segment is involved in the provision of financial intermediation services, which include trust services, granting of loans and advances, equipment leasing, LPO financing, loan syndication, fixed tenured borrowings, and insurance brokerage services to corporate and individual customers. The Insurance segment offers life assurance, covers for bonds, pension scheme, and general insurance products to individuals and corporate customers. The company also provides pension fund custodial, card, payment and collections, ATM, online and mobile banking, point of sale, and e-statements services. Union Bank of Nigeria Plc operates 339 branches in Nigeria. The company was founded in 1917 and is headquartered in Lagos, Nigeria. Union Bank of Nigeria Plc is a subsidiary of Union Global Partners Limited.

3,042 Employees
Last Reported Date: 04/16/15
Founded in 1917

union bank nigeria plc (UBN) Top Compensated Officers

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Executives, Board Directors

union bank nigeria plc (UBN) Key Developments

Union Bank of Nigeria plc Announces Unaudited Bank and Group Earnings Results for the Three Months Ended March 31, 2015

Union Bank of Nigeria Plc announced unaudited bank and group earnings results for the three months ended March 31, 2015. For the quarter, on bank basis the company reported net interest income flat at NGN 12.5 billion against NGN 12.6 billion a year ago. Net operating income up3% to NGN 18.7 billion against NGN 18.2 billion a year ago. Profit Before Tax up 11% to NGN 4.9 billion against NGN 4.45 billion a year ago. Total comprehensive income up 17% to NGN 5.6 billion against NGN 4.8 billion a year ago. Return on Equity 9.5% against 9.4% a year ago. EPS was 29 kobo against 26 kobo a year ago. For the quarter, on group basis the company reported net interest income flat at NGN 13.0 billion against NGN 13.0 billion a year ago. Net operating income up 12% to NGN 16.9 billion against NGN 15.1 billion a year ago. Profit before tax up 106% to NGN 2.7 billion against NGN 1.3 billion a year ago. Total comprehensive income up 211% to NGN 4.4 billion against NGN 1.4 billion a year ago. Return on Equity 4.4% against 10.3% a year ago. EPS was 14 kobo against 28 kobo a year ago.

Union Bank plc Reports Audited Earnings Results for the Year 2014

UNION Bank Plc reported audited earnings results for the year 2014. The bank showed an increase in gross earnings from NGN 121.4 billion in 2013 to NGN 135.9 billion during the year under review while profit after tax rose to NGN 26.8 billion from NGN 3.8 billion achieved in the previous year. The banks net interest income after impairment charge rose from NGN 45.2 billion as at in 2013 to NGN 47.0 billion in 2014. Profit before tax grew from NGN 3.77 billion to NGN 27.7 billion in 2014.

UNION Bank of Nigeria plc Introduces New Hybrid Business Account

UNION Bank of Nigeria Plc has introduced a new hybrid business account, specially tailored to cater to the needs of small businesses. The new UnionEnterprise Hybrid Account gives growing businesses the flexibility of a current account with the benefits of a savings account. It is suitable for businesses such as co-operative societies, trade associations, professional bodies, social clubs and Non governmental organizations. Some of the features of the UnionEnterprise Hybrid Account include access to Union Bank's array of E banking products and services; a minimum daily opening and closing balance of NGN 5,000; lodgement of cheques and dividend warrants; as well as provisions for third party over-the-counter transactions across the Union Bank branch network.

 

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Industry Analysis

UBN

Industry Average

Valuation UBN Industry Range
Price/Earnings 7.2x
Price/Sales 2.0x
Price/Book 0.8x
Price/Cash Flow 7.3x
TEV/Sales NM Not Meaningful
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