Unity Bank Announces N38.2bn Gross Earnings In Q3 2023
Retail lender, Unity Bank Plc has announced a gross earnings of N38 billion for the nine-month period ended September 30, 2023
The Bank’s customer deposits also appreciated by 5% to N344.4 billion within the period, indicating business growth and customer confidence in the bank.
A review of the lender’s unaudited nine-month results released to the Nigerian Exchange Group Limited showed that the bank continued to maintain its expansionary and customer-centric model with total loans and advances rising to N222.8bn, even as interest and similar income stood at N33bn, which underscores the bank’s strategic focus to reinvigorate and sustain asset creation that will deliver returns to shareholders.
Other key highlights of the 9-month financials include the total assets, which stood at N423.4bn; net fee and income commission, N4.4bn within the period.
Commenting on the result, the Managing Director/CEO of Unity Bank Plc, Mrs. Tomi Somefun said that the bank is focusing on its efforts to recapitalise the institution, aggressively drive asset creation, innovate with products to compete favourably in new markets and relentlessly drive the pursuit of digital banking innovation in order to shake off and completely reverse negative positions.
