Lagos, Nigeria | September 18, 2025
United Bank for Africa (UBA) Plc has reported a pre-tax profit of ₦388.4 billion for the half-year ended June 30, 2025, representing a 3.3% drop from the ₦401.5 billion recorded in the same period of 2024.
Despite the marginal decline, the bank maintained a strong earnings performance, buoyed by robust revenue growth. Interest income surged by 32.89% year-on-year, rising to ₦1.3 trillion from ₦1 trillion in H1 2024.
Analysts say the growth in interest income reflects UBA’s aggressive lending strategy and expanded balance sheet across its pan-African and international operations.
The slight dip in profit before tax is attributed to higher operating costs and rising regulatory expenses, which continue to put pressure on the margins of Nigerian banks.
UBA, one of Africa’s leading financial institutions with operations in over 20 countries, remains well-positioned in the banking sector despite the challenging macroeconomic environment.
