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Unity Bank Plc on Tuesday announced a pre-tax profit of N2.22 billion in 2020, saying its asset base grew to N492.02 billion.
The bank in its audited result released by the Nigerian Exchange Ltd., said its total assets rose by 67.90 per cent when compared with N293.05 billion achieved in the comparative period of 2019.
The bank’s customer deposit portfolio grew by 34.4 per cent to N356.62 billion, up from N257.69 billion posted in the corresponding period of 2019.
The bank posted gross earnings of N42.71 billion compared with N44.59 billion recorded in the comparative period of 2019.
Profit after tax stood at N2.09 billion, while profit before tax was N2.22 billion during the year under review.
April 20, 2021
April 20, 2021
Unity Bank Plc on Tuesday announced an asset base of N492.02 billion for the financial year ended Dec. 31, 2020.
The bank in its audited result released by the Nigerian Exchange Ltd., said its total assets rose by 67.90 per cent when compared with N293.05 billion achieved in the comparative period of 2019.
The bank’s customer deposit portfolio grew by 34.4 per cent to N356.62 billion, up from N257.69 billion posted in the corresponding period of 2019.
The bank posted gross earnings of N42.71 billion compared with N44.59 billion recorded in the comparative period of 2019.
Profit after tax stood at N2.09 billion, while profit before tax closed at N2.22 billion during the year under review.