WorldStage Newsonline– United Bank for Africa Plc (UBA), Africa’s leading bank has released its interim consolidated financial statements for the period ended 30 September 2020 with 5.5% decline in profit for the nine months period to N77.132 billion from N81.628 billion in 2019 while it rose by 31.40% in third quarter (Q3) to N32.702 billion compared with N24.888 in Q3 2019.
Net interest income rose to N186.022 billion in nine months from N158.914 billion in 2019 and similarly rose in Q3 to N66.698 billion from N48.791 billion in 2019.
Net impairment charge on loans and receivables rose to N11.476 billion in nine months 2020 from N6.663 billion in 2019 as agiant N3.669 billion in Q3 2020 from N3.543 billion in 2019.
