Business NewsFinanceNews

UBA announces  20 kobo bonus, reports 33% profit rise

UBA announces  20 kobo bonus, reports 33% profit rise

In accordance with the bank’s culture of paying both interim and final cash bonus, the United Bank of Africa’s Board of Directors has announced an interim bonus of 20 kobo per share for all ordinary shares of 50 kobo held by each of its stakeholders. Information Guide Nigeria

This announcement was made yesterday in the bank’s audited financial results for the period ended June 30, 2021, with the title ‘UBA records 33 percent YoY profit growth, declares 20k per share interim dividend.

Read Other Top News:

Punch reports that the bank has attained growth across major income lines irrespective of the challenges faced due to the emergence of the Covid-19 pandemic. Jamb Result

UBA recorded a rise in gross earnings from 316bn to N300.6bn in H1 2020 and the group’s profit after tax increased to N60.6bn indicating 36.3 percent increase against the initial N44.4bn.

According to the audited financial result statement, in December 2020, the bank’s shareholders’ funds remained robust at N752.5bn up from N724.1bn showing its strong capacity to generate internal capital.

With an increase of 7.4 percent, Customers’ deposits rose to N6.1tn. dollar to naira

Speaking, The Group Managing Director/Chief Executive Officer, UBA, Mr. Kennedy Uzoka said the first half of the year witnessed positive growth, as global economic improvement exceeded expectations.

Check and Confirm: How much is Dollar to Naira


🤑 Start making money from home today!

👉 Get correct FREE TIPS and Guides on how to make money from home today. Click here to start



👍Showcase your business here!

With over 1M unique users per month across all channels, we have a large audience for you to showcase your products and services. Simply get in touch via 👉


🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here


✍️ Be Our Guest Publisher!

Do you have a press release, breaking news,  or any other helpful information to share with our growing readers? If yes, send your article to 👉

We will be glad to publish it if the information is useful to our audience.


This post can be helpful to somebody else, please share it on Facebook, Whatsapp, Telegram and Twitter. There are buttons below for this (easy to use too)!

Copyright Warning!

Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
We publish all contents with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us at [] to file a complaint and we will take necessary actions immediately.

Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button