Segun Atanda/
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced a strong performance in its audited results for the third quarter ended September 30, 2025, reflecting sustained growth and resilience across all key performance indicators.
According to the report filed with the Nigerian Exchange Limited (NGX), UBA recorded a Profit After Tax (PAT) of ₦537.53 billion, up by 2.3% from ₦525.31 billion reported in the corresponding period of 2024.
Gross earnings also advanced by 3.0%, reaching ₦2.469 trillion from ₦2.398 trillion a year earlier. The bank’s net interest income rose by 6.2% to ₦1.172 trillion, compared to ₦1.103 trillion in the previous year.
While Profit Before Tax (PBT) dipped slightly by 4.1% to ₦578.59 billion (from ₦603.48 billion in Q3 2024), UBA maintained a robust balance sheet and strong liquidity profile.
Total assets expanded to ₦32.492 trillion, representing a 7.2% increase from ₦30.323 trillion at the end of December 2024. Total deposits also rose by 7.7% to ₦26.54 trillion, up from ₦24.651 trillion in December 2024.
UBA’s shareholders’ funds surged by 25.8%, reaching ₦4.301 trillion compared to ₦3.418 trillion in December 2024, underscoring its strong internal capital generation and growth capacity.
UBA’s Group Managing Director/Chief Executive Officer, Mr. Oliver Alawuba, attributed the bank’s solid performance to prudent balance sheet management, innovation, and diversification across markets.
“We delivered strong results supported by prudent balance sheet management, innovation, and a well-diversified earnings base across our markets. Our consistent earnings momentum and commitment to sustainable growth reflect the strength of our franchise across Nigeria, Africa, and globally,” he stated.
On the bank’s recapitalisation drive, Alawuba revealed that UBA had made significant progress in its capital-raising programme, completing the final phase of its Rights Issue (Phase II) as part of the industry-wide recapitalisation exercise.
“This strengthens our capital base and supports prudent expansion across our markets,” he added.
UBA’s Executive Director, Finance & Risk, Mr. Ugo Nwaghodoh, noted that the Group maintained steady earnings growth driven by a 10.1% rise in interest income and 6.2% growth in net interest income.
He said total assets grew by 7% to ₦32.5 trillion, supported by focused deposit mobilisation and investment in earning assets.
“Shareholders’ funds expanded by 26% to ₦4.3 trillion, reflecting investors’ confidence in the Group’s strategy. Our capital adequacy and liquidity ratios remain well above regulatory thresholds, providing a strong buffer for continued growth,” he said.
Looking ahead, Nwaghodoh reaffirmed the bank’s commitment to sustaining profitability, expanding digital income streams, and delivering long-term value to shareholders.
United Bank for Africa Plc is one of Africa’s leading financial institutions, employing over 25,000 staff and serving more than 45 million customers worldwide. Operating in 20 African countries and major global financial centres including the United Kingdom, the United States, France, and the United Arab Emirates, UBA offers retail, commercial, and institutional banking services while driving financial inclusion and digital innovation across the continent.
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