Unity Bank posts 43% profit in Q1 : vimarsana.com

Unity Bank posts 43% profit in Q1


Unity Bank
Unity Bank Plc, Nigeria’s foremost agriculture lender, has sustained the growth momentum demonstrated in its 2020 full year earnings as it recorded an impressive performance of 43 per cent in both profit before and after tax in Q1 2021.
In the Bank’s unaudited Q1 results submitted to the Nigerian Stock Exchange on Friday, the retail lender profit before tax (PBT) grew by 43 per cent to N784.3million from N550.1 million recorded in the corresponding period of 2020.
The profit after tax (PAT) for the period, which also grew by 43 per cent stood at N721.5million compared to the N506.1million recorded in Q1 2020.

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