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)

Related Posts


Business & Economy

NGX appoints advisory panel on digital technology products

The Nigerian Exchange Limited has set up the NGX Digital and Technology Products Advisory Panel. The Panel would provide a forum for the Exchange to interact with the capital market community and the fintech ecosystem to enhance and increase NGX’s digital product offerings. Responsibilities of the Panel include but are not limited to providing insight into product […]

Business & Economy

Fidelity Bank CEO gets recognition as banker of the year 2022

The Managing Director of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has been honoured with the Banker of the Year 2022 award. According to a statement, the bank said Onyeali-Ikpe was presented with the award at the 14th Leadership annual conference and awards, organised by the Leadership Media Group, publishers of Leadership newspapers. Onyeali-Ikpe stated, “I am grateful for[…]