Making distinct financial reports to the public.
With the steady rise in the banks population and also with the economic situation of the country, UBA has offered detailed annual reports to keep it’s customers intune with the financial progression of the bank.
We are building Africa for now and the future
UBA, Africa’s Global Bank, continues to record impressive growth across all its major indices, replicating the commendable performance it achieved in the first two quarters of the 2021 financial year. As at Q3, 2021, Gross Earnings rose to USD1.20 billion whilst Operating income grew by 13% to USD813 million as at September 2021. Our profitability indices showed a 37% leap in PBT to close at USD302.4 million whilst PAT rose to USD256.4 million up by 36% up from the previous year.
Annualised RoAE for Q3 2021 stood at 19.2%, a great leap compared to 16.4% recorded a year earlier. The bank continues to maintain a very strong balance sheet, with Total Assets of USD20.2 billion , and has been benefiting largely from its technology-led initiatives targeted at improving customer experience over the past few years, with Customer Deposits rising to USD14.7 billion.
We continued to optimise our digital banking offerings, which has been paying-off hugely as evident in the jump of 50.4% to USD102.7 million as income from electronic banking. Our shareholders’ funds remain very strong at USD1.93 billion reflecting a strong capacity for internal capital generation and growth.