UBA Nets N335bn Profit Despite Economic Headwinds
United Bank for Africa (UBA) has posted a solid half-year profit after tax of N335.53bn for the period ending June 30, 2025, up 6.06% from last year’s N316.36bn. The bank’s gross earnings surged 17.3% to N1.61tn, powered by a sharp 32.9% rise in interest income.
UBA’s balance sheet also showed muscle: customer deposits rose nearly 12% to N27.6tn, while total assets climbed 9.7% to N33.3tn. Shareholders’ funds expanded by a healthy 23% to N4.22tn.
Group CEO Oliver Alawuba hailed the results, saying: “UBA’s first-half results highlight the strength of our business and the trust our customers continue to place in us. We delivered strong double-digit earnings growth across our markets, with Profit After Tax rising year-on-year to N335bn.”
The bank is also strengthening its base through a Rights Issue, with Phase I already boosting capital by N234.3bn and Phase II underway.
For Nigerians, this performance is significant. While many banks struggle under inflation and forex pressures, UBA’s ability to keep growing across 20 African countries plus London, New York, Paris, and Dubai signals resilience and global ambition.
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