In its 9M:2022 unaudited financial statement, United Bank for Africa Plc (UBA)’s gross earnings appreciated by 23.27% YoY to NGN608.29bn (compared to +18.26% YoY in Q1:2022 and +17.82%
YoY in H1:2022). Topline growth is attributable to a rise in interest and non-interest income streams. Interest earned on the lender’s term loans to corporates was the most significant contributor
(38.80%) to total interest income.
