Unity Bank grows balance sheet by 50.8%

By Peter Egwuatu

Unity Bank Plc has grown its balance sheet for the 2018 financial year recording a whopping 50.8 percent growth during the year.

In its audited financial statements for the year ended December 31, 2018, released to the Nigerian Stock Exchange, NSE  the Bank’s Balance Sheet Size increased from N156.51billion in 2017 to N235.98 billion, culminating in Gross earnings of N37.33 billion for the year.

Similarly, in the period under review, the bank grew it bottom-line by 109.9 percent as Profit Before Tax (PBT) moved in a positive trajectory to close at N1.41 billion, with the Bank recording a Profit after Tax (PAT) of N1.27 billion, shaking off the negative position it posted in 2017. 

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