Financial Results
This shows the statistics for the organization in previous and present years.
Making distinct financial reports to the public.
With the steady rise in the bank’s population and also with the economic situation of the country, UBA has offered detailed annual reports to keep its customers informed about 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, surpassing the commendable performance it achieved in the 2023 financial year. As at December 2024, Gross Earnings significantly rose to N3.19 trillion from N2.08 trillion recorded at the end of the 2023 financial year, representing a strong 53.6 per cent growth. Our profitability indices showed a 6.1% leap in PBT to close at N803.72 billion, whilst PAT rose to N766.6 billion, up by 26.14% from the previous year.
The bank continues to maintain a very strong balance sheet, with Total Assets rising remarkably by 46.8 per cent, to close at N30.4 trillion in December 2024; up from N20.65 trillion in 2023. Consequently, UBA Group Shareholders’ Funds rose to N3.419 trillion as at December 2024, achieving an impressive growth of 68.39%, compared to the prior year.
We have continued to benefit largely from our technology-led initiatives targeted at improving customer experience by continually optimising our digital banking offerings. This increased our customer deposits by 42.03 per cent to N24.7 trillion, compared to N17.4 trillion recorded in the corresponding period of 2023.
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