UBA gains N10.26billion as share price stands at N6.85

United Bank for Africa has appreciated by 4.48% as its market capitalization closed the week at N234.27 billion to gain a total of N10.26 billion w-o-w, with its share price standing at N6.85.

UBA Plc released its H1 2022 financials, revealing that net interest income appreciated by 19.85% to N177.46 billion from N146.07 billion, while total assets grew to N9.00 trillion from N8.54 trillion in H1 2021.

In addition, the company’s profit after tax rose by 16.00% to N70.33 billion, up from N60.58 billion in the same period of 2021.