In H1:2022, United Bank for Africa (UBA) reported a 17.82% YoY growth in gross earnings to NGN372.36bn. Double-digit growth in both Interest and non-interest income contributed to topline performance. The 15.60% YoY rise in interest income to NGN257.36bn resulted from upward repricing of loan book in line with the prevailing interest rate environment. Likewise, broadened digital banking reach across Africa led to 23.12% YoY growth in non-interest income to NGN115.00bn.
