One of Nigerian leading commercial banks, United Bank for Africa Plc, in its financial statement filed with the Nigerian Exchange Limited on Thursday, 30 October, 2025, said it recorded gross earnings of N2.47 trillion for the nine months ended September 30, 2025, representing a marginal increase from N2.40 trillion recorded in the corresponding period of 2024.
According to the bank, profit after tax rose slightly by 2.3 per cent to N537.5 billion from N525.3 billion posted in the same period last year, just as it also disclosed that interest income grew to N1.98 trillion from N1.80 ttillion in 2024, driven mainly by higher earnings from investment securities and customer loans.
The bank also said that interest expenses also rose to N808.7 billion compared to N695.6 billion in the prior period, reflecting the impact of higher funding costs.
UBA’s total assets increased to N32.49 trillion as of September 2025, up from N30.32 trillion recorded in December 2024, while shareholders’ funds grew to N4.3 trillon from N3.4 trillion.
Additionally, the bank declared a free float percentage of 84.36 per cent, with a free float value of N1.495 trillion as of September 30, 2025, confirming the bank’s compliance with the Nigerian Exchange Limited’s Premium Board requirements.
The bank’s total operating expenses stood at N846.1 billion, slightly higher than the N812.2 billon reported a year earlier, just as it also reported a 9.8 per cent increase in retained earnings to N1.77 trillion, reflecting continued profit retention and balance sheet expansion across its African and international operations.
The group added that in the period under review, in the ordinary course of business, is currently involved in 1,766 legal cases compared to 1,703 in 2024. The total amount claimed in these cases is estimated at N942 billion, lower than N1.325 trillion in the previous year.
According to the directors, after seeking professional legal advice, no significant liability is expected to arise from these cases beyond the provisions already made in the financial statements.
In the financial statement, the Group said it also engages in normal banking business activities involving acceptances, performance bonds, indemnities, guarantees, and letters of credit, just as it also added that in compliance with banking regulations, total commitments and contingent liabilities stood at N158 million during the review period.
