Unity Bank's annual profit rises to N3.33bn | TheCable

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Unity Bank Plc has declared a profit before tax of N3.33 billion in the financial year ended December 2021.

In its 2021 full-year result filed with the Nigeria Exchange Group , thealso posted 8.1 per cent growth in gross earnings to N50.28 billion from N46.52 billion in 2021.

Another key highlight of the agribusiness-focused lender’s financial performance is the growth of its assets, which rose by 9.5 per cent to close at N538.87 billion from N482.02 billion in 2020, cumulating three years of consecutive high growth. She further stated, “the Bank’s growing profile in agribusiness has now placed it on a pedestal that enables it to attract significant value chain businesses for the continuous growth of its Retail and SME Banking whilst the Bank consistently deploys product development/marketing initiatives to further grow the brand franchise, maximise the benefits and boost retail growth to double digits”.

 

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