[New post] UBA’s quarterly profit jumps 29% to N53.6 billion after interest rate rises

Ronald Adamolekun posted: "United Bank for Africa (UBA) reported a profit surge of 29.1 per cent in the three months to March, profiting from a series of rate hikes by the Central Bank of Nigeria that helped strengthen interest income and boost the bottom line. The pan-African l" Premium Times Nigeria UBA's quarterly profit jumps 29% to N53.6 billion after interest rate rises Ronald Adamolekun Apr 14 Net trading and foreign exchange income improved by 74.5 per cent to N26.1 billion on the back of increased yield from fixed-income securities. Read more of this post Comment Unsubscribe to no longer receive posts from Premium Times Nigeria. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.premiumtimesng.com/business/593325-ubas-quarterly-profit-jumps-29-to-n53-6-billion-after-interest-rate-rises.html

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