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, replicating the commendable performance it achieved in the 2021 financial year. As at December 2022, Gross Earnings significantly rose to USD1.9 billion from USD1.6 billion recorded at the end of the 2021 financial year, representing a strong 22.2 percent growth. 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.
The bank continues to maintain a very strong balance sheet, with Total assets rising remarkably by 21.6 percent, crossing the USD20 billion mark, to close at USD23.6 billion in December 2022; up from USD19.4 billion in 2021. Consequently, UBA Group Shareholders’ Funds rose to USD2 billion, as at December 2022, achieving an impressive growth of 5.3%, 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 22.9 percent to USD17 billion, compared to USD14.6 billion recorded in the corresponding period of 2021.
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