Unity Bank posts N43bn earnings; assets hit N492bn in 2020

Unity Bank posts N43bn earnings; assets hit N492bn in 2020

Unity Bank posts N43bn earnings; assets hit N492bn in 2020     Unity Bank Plc has disclosed that it netted N42.71 billion earnings in 2020  as its assets base grew to N492.02 billion at the close of financial year. Ebenezer Kolawole, executive director and chief financial officer of Unity Bank, while speaking during an investor call on Tuesday, said the asset growth represents a 67.9 percent increase from N293.05 billion of total assets value recorded in 2019. The bank also declared gross earnings of N42.71 billion during the period under…

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Unity Bank’s assets soar 44% to hit N420.87bn

Unity Bank posts N43bn earnings; assets hit N492bn in 2020

The total assets of Unity Bank Plc has increased by 44 per cent from to N420.87 billion at the end of the third quarter, 2020 from N293.05 billion it stood in the corresponding period of 2019. This and other financial metrics of the lender is contained in its unaudited financial results filed recently at the Nigerian Stock Exchange (NSE). The report show that the lender grew gross earnings by 8 percent despite COVID-19 and other headwinds that hurt the profitability of most businesses in the first nine months of the…

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