BREAKING: UBA posts 33% rise in Q1 2025 profit as interest income surges
- UBA reported a 33% increase in first-quarter profit, reaching ₦189 billion.
- Interest income surged 36% to ₦599 billion compared to ₦440 billion last year.
- Total assets expanded by 5%, reaching ₦31.712 trillion.
UBA's impressive profit growth and strong interest income reflect its robust operational strategy and market position in Africa. However, the ongoing capital raise indicates a proactive approach to further strengthen its financial base, which could be a point of discussion regarding the bank's long-term growth strategy.
