Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended 30 September 2023. Also, customer deposits appreciating by 5% to N344.4 billion within the period, an indication of business growth and customer confidence in the Bank. Other key highlights of the 9-month financials include the total assets which stood at N423.4 billion; net fee and income commission, N4.4 billion within the period. However, the recent FX regulation impacted the Bank’s bottom line, a situation that can be reversed as the Naira appreciates. “This also means that the Bank enjoys market confidence which will enable the institution thrive better in the months ahead with increased business conversion, profitability and growth needed to achieve sustainable returns,” she said.

Source: The Guardian November 03, 2023 18:31 UTC