United Bank for Africa (UBA) has reported a robust profit of N189.84 billion for the first quarter of 2025, reflecting a strong financial performance and a solid start to the year.
The figure represents a 33.15% increase from the N142.58 billion posted in the same period of 2024, underscoring the bank’s continued growth trajectory despite economic headwinds.
In a corporate disclosure to the Nigerian Exchange Ltd. on Wednesday, UBA also reported a 30.65% rise in profit before tax, which surged from N156.34 billion in Q1 2024 to N204.27 billion in Q1 2025.
The bank’s interest income also recorded a significant boost, climbing 36.09% year-on-year to N599.83 billion, compared to N440.76 billion in the corresponding period last year.
These results highlight UBA’s resilience and strategic focus on profitability across its diverse banking operations.
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