UBA Kenya profit up 185 per centUnited Bank Of Africa (UBA) Africa-East and Southern Africa,Chief Executive Officer Emeke Iweriebor during a press conference in Nairobi. [David Njaaga,Standard]United Bank for Africa Kenyan unit (UBA-Kenya) has registered a 185 per cent growth in profit after tax for the period ending December 31, 2018, after the overcoming a challenging macroeconomic and business environment.The lender’s profit after tax increased from Sh18.6 million to Sh53.1 million during the period. A statement from the bank said its total asset base witnessed significant expansion, growing by 135 per cent - from Sh6.5 billion in 2017 to Sh15.3 billion in 2018. SEE ALSO :KRA, two banks risk big loss at Deacons“The bank delivered positive numbers, demonstrating that our growth strategy resonates well with our customers. We are confident of better performance in 2019,” said UBA East and Southern Africa Chief Executive Emeke Iweriebor.

Source: Standard Digital April 01, 2019 07:29 UTC