Union Bank of Nigeria has posted a 23 per cent growth in gross earnings for the half year ended June 30, 2017. The bank’s gross earnings for the period under review rose to ₦73.7bn against ₦60.1bn achieved in the preceding period. This is contained in the bank’s half year result published by the Nigerian Stock […]
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Union Bank of Nigeria Plc, at the weekend, hosted its customers and other stakeholders in Rivers State to a classy dinner at the Novotel Hotel, Stadium Road, Port Harcourt. The event was part of activities lined up to celebrate its centenary anniversary this year. The dinner which was witnessed by government dignitaries and customers of […]
Read More Segun Edwards Union Bank Plc’s loans and advances 38.3 percent growth in its 2016 financial year results to N507, 190 million may be insignificant but it seemed huge in a troubled economy like Nigeria as it contributed a 66.9 increase to the bank’s increase in impairment provision to N16,582m which tilted the bank’s bottom line […]
Read More Union Bank has launched over 100 state-of-the-art branches across Nigeria. This comes as the bank celebrates its 100-year anniversary. Building on the transformation agenda unveiled in 2015, three branches were recently unveiled in Ikirun, Osogbo, and Ilesa in Osun State. These new branches have been upgraded to provide faster and comfortable to customers. Speaking at […]
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The Rural Finance Institution Building Programme (RUFIN) yesterday signed a Memorandum of Understanding (MoU) with Union Bank Nigeria Plc to enhance access to finance for rural farmers. The National Programme Coordinator, Mr. Olumuyiwa Azeez, during the signing of the MoU in Abuja, said the MoU was part of efforts made to ensure that credits are […]
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The challenges of inability to grow revenue being faced by major financial institution, Union Bank Plc, could lead to a drop in gross earnings for the bank at full year. Rising interest cost is hurting profit capacity and the bank isn’t likely to achieve up to one-half of its preceding year’s profit based on the […]
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