{"id":462169,"date":"2018-09-13T13:53:58","date_gmt":"2018-09-13T12:53:58","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=462169"},"modified":"2018-09-13T13:54:42","modified_gmt":"2018-09-13T12:54:42","slug":"united-bank-for-africa-uba-c-in-double-digit-growth","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/09\/13\/united-bank-for-africa-uba-c-in-double-digit-growth\/","title":{"rendered":"United Bank for Africa (UBA) c in double-digit growth"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p><strong>United Bank for Africa presents audited financial results for the first half of 2018, with strong growth, with a significant contribution from its African subsidiaries.<\/strong><\/p>\n<p>The bank of Nigerian origin recorded a 16% increase in gross revenues to 749 million US dollars. This, despite a low-yield environment in two key markets, Nigeria and Ghana. Operating income also grew by 4.1% to $ 489 million. Pre-tax earnings were $ 169 million, which was resistant to inflation. Profit after tax also increased to US $ 127 million, up 3.4%. The first half result translates into a return on average equity before and after tax of 23% and 17% respectively.<\/p>\n<p>Outside Nigeria, the bank continues its growth momentum. African subsidiaries contributed 40% of the Group&#8217;s profits. The goal of bringing this contribution to 50% is within reach and should be achieved quickly.<\/p>\n<p>In the first six months of the year, the Bank&#8217;s total assets rose 4.9% to US $ 12.4 billion and customer deposits grew 6.1% to US $ 8.4 billion. US $, against US $ 7.9 billion in December 2017.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>United Bank for Africa presents audited financial results for the first half of 2018, with strong growth, with a significant contribution from its African subsidiaries. The bank of Nigerian origin recorded a 16% increase in gross revenues to 749 million US dollars. This, despite a low-yield environment in two key markets, Nigeria and Ghana. Operating<\/p>\n","protected":false},"author":527180,"featured_media":462171,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12591,11996,12008],"tags":[543,969],"class_list":{"0":"post-462169","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-feature","8":"category-finance-en","9":"category-stock-exchanges","10":"tag-uba","11":"tag-united-bank-for-africa","12":"post_format-post-format-aside","13":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>United Bank for Africa (UBA) c in double-digit growth - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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