In the nine months ended 30 September 2019, UBA delivered impressive growth in top-line (+14.24%) and bottom line (+32.30%) which stemmed from effective use of the bank’s assets to generate earnings. We recognize the growth in loans to customers (+12.87%), while deposits grew marginally by 0.71%. This strengthened the bank’s Loan-to- deposit ratio to 59.77%, although still below the newly specified regulatory minimum of 65%. Nonetheless, we remain optimistic about the ability of the bank to end the year with stellar growth in revenue and earnings as the bank has outperformed its 2018FY financial performance with one quarter to go. Kindly find attached the full report.
Earnings Update- UBA: 9M 2019.
In the nine months ended 30 September 2019, UBA delivered impressive growth in top-line (+14.24%) and bottom line (+32.30%) which stemmed from effective use of the bank’s assets to generate earnings. We recognize the growth in loans to customers (+12.87%), while deposits grew marginally by 0.71%. This strengthened the bank’s Loan-to- deposit ratio to 59.77%, although still below the newly specified regulatory minimum of 65%. Nonetheless, we remain optimistic about the ability of the bank to end the year with stellar growth in revenue and earnings as the bank has outperformed its 2018FY financial performance with one quarter to go. Kindly find attached the full report.