UNION BANK REPORTS 461% GROWTH IN PBT IN Q3 2023
Union Bank Plc has announced a significant financial performance for the third quarter ending September 30, 2023. The bank reported a profit before tax (PBT) of N102.3 billion, reflecting an impressive growth of 461.1 percent compared to the PBT of N18.2 billion in the corresponding period of 2022. This notable achievement is attributed to a surge in gross earnings, which reached N309.1 billion, marking a 120 percent increase from N140.6 billion in 2022. The financial highlights further showed a substantial rise in non-interest income, soaring to N144 billion from N28.3...