Following its impressive financial performance in 2022 FY, United Bank for Africa Plc. (UBA) put up a strong outing in the first quarter of 2023. Remarkably, the group recorded a 47.46% YoY increase in gross earnings (NGN 271.18 bn), on the back of double-digit growth rate in interest income (+53.41% YoY) and non-interest (+34.80% YoY) income streams.
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