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Last 10.22 NGN
Change Today 0.00 / 0.00%
Volume 141.2K
As of 9:30 AM 04/30/15 All times are local (Market data is delayed by at least 15 minutes).

union bank nigeria plc (UBN) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/2/15 - 11.74
52 Week Low
11/7/14 - 6.48
Market Cap
Average Volume 10 Days
Shares Outstanding
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 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.

Union Bank of Nigeria plc Reports Unaudited Group and Parent Earnings Results for the Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Remainder of 2014

UNION Bank of Nigeria Plc reported unaudited group and parent earnings results for the nine months ended September 30, 2014. On group basis, the company has recorded gross earnings of NGN 74.8 billion in its unaudited financial results for the nine months ended September 30, 2014, against NGN 79.8 billion achieved in the corresponding period in 2013. The bank's profit before tax stood at NGN 8.3 billion, compared to NGN 6.8 billion achieved in 2013 while profit after tax rose from NGN 7.5 billion to NGN 8.1 billion during the period under review. Interest income was NGN 56.2 billion against NGN 60.6 billion a year ago. Net interest income was NGN 38.4 billion against NGN 44.4 billion a year ago. Net operating income was NGN 52.7 billion against NGN 51.3 billion a year ago. ROE was 5.4%. EPS (basic) was NGN 44,000 On parent basis, the bank reported interest income was NGN 55.2 billion against NGN 56.5 billion a year ago. Net interest income was NGN 37.5 billion against NGN 40.2 billion a year ago. Net operating income was NGN 54.0 billion against NGN 45.8 billion a year ago. Profit before tax was NGN 11.9 billion against NGN 11.7 billion a year ago. Profit after tax was NGN 11.8 billion against NGN 12.4 billion a year ago. ROE was 8.23%. EPS (basic) was NGN 70,000 Overall, the company expects the bank will continue its positive trajectory through the remainder of 2014.


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Valuation UBN Industry Range
Price/Earnings 6.3x
Price/Sales 1.9x
Price/Book 0.7x
Price/Cash Flow 6.3x
TEV/Sales NM Not Meaningful

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