Unity Bank grows gross earnings to N57bn in 2022FY

Unity Bank Plc has posted a Profit Before Tax (PBT) of N1.1 billion for its full-year financial results ended December 2022, even as its gross earnings rose by 13.1 per cent to N57 billion from N50.2 billion in the corresponding period of 2021.

The Bank’s audited full-year financial statement submitted to the Nigeria Exchange (NGX) recorded growth in key performance indicators as reflected in the interest income, loans and advances to customers, customer deposits, and profits.

A major highlight of the financial year is the growth in total comprehensive income, which rose by 262.1 per cent to N1.2 billion from N744 million in the corresponding period of 2021 while Profit After Tax stood at N941.4 million.

Commenting on the banks financial performance the Managing Director/Chief Executive Officer, Unity Bank Plc, Mrs. Tomi Somefun noted that the Bank’s focus on building back momentum continues to reflect in the key performance indicators despite economic headwinds and volatilities that characterized the operating environment in the 2022 financial year.