Financial Results
This displays the statistics for the organisation in previous and current years.
Making distinct financial reports to the public.
With the steady rise in the bank’s population and also with the economic situation of the country, UBA has offered detailed annual reports to keep its customers informed about the financial progression of the bank.
We are building Africa for now and the future.
UBA, Africa's Global Bank, has shown impressive growth in key metrics, maintaining strong performance from 2021. By December 2022, Gross Earnings rose to USD 1.9 billion, a 22.2% increase from USD 1.6 billion in 2021. Profit Before Tax (PBT) surged by 37% to USD 302.4 million, and Profit After Tax (PAT) increased by 36% to USD 256.4 million.
The bank's balance sheet strengthened, with Total Assets growing by 21.6% to USD 23.6 billion in December 2022. UBA Group Shareholders’ Funds also rose by 5.3% to USD 2 billion. Our technology-driven initiatives have significantly improved our digital banking services, leading to a 22.9% increase in customer deposits to USD 17 billion.
Watch UBA 62nd Annual General Meeting
