Union Bank reports N16.92bn as profit in FY 2021

Union Bank of Nigeria on Tuesday published its Audited Financial Statements for the period ended 31 December 2021.

The Financial Institution reported the Gross Earnings of N177.27 billion for the 12 months period, up by 8.05% from N164.06 billion reported the previous year.

Profit after tax was down year on year by 9.39% to N16.92 billion from N18.67 billion profit reported in FY 2020.

Earnings per share of the Group stands at 58 kobo, down by 9.39% from the EPS of 64 kobo.

At the share price of N6.10, the P/E ratio of Union Bank stands at 10.50 x with earnings yield of 9.52%.

Source: Union Bank reports N16.92bn as profit in FY 2021 – StocksWatch (stocksng.com)

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