Finance & EconomyNews

United Bank for Africa Plc Share Price depreciated by 0.6% WOW

United Bank for Africa Plc depreciated by 0.6% as its market capitalization closed the week at N273.60 billion, with its share price standing at N8.00.

UBA Plc traded a total of 57,076,510 units valued at N459.58 million at the end of the trading day, making the bank’s stock the most traded in volume.

UBA Plc released its Q3 2021 financials, revealing that net interest income appreciated by 23.25% to N229.27 billion from N186.02 billion, while total assets grew to N8.35 trillion from N7.7 trillion. In addition, the company’s profit after tax rose by 35.61% to N104.60 billion, up from N77.13 billion in the same period of 2020.

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