Aka Ekene, PBA Journalism MenteePBA brings you the latest news and updates on Nigerian banks and their audited full year results for the year ending December 31, 2022. Below are the banks’ audited results:
UBA Announces N201bn Profit, Pays 90 kobo Final Dividend
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2022, showing impressive performance across major indices.
The 2022 financials, filed by the Bank at Nigerian Exchange Limited (NGx) on Thursday, showed that gross earnings rose significantly to N853.2billion from N660.2billion recorded at the end of the 2021 financial year, representing a strong 29.2 percent growth.
Total assets rose remarkably by 27.2 percent, crossing theN10 trillion mark, to close at N10.9 trillion in December 2022; up from N8.5 trillion in 2021. This is a very significant achievement and milestone in the history of the powerhouse financial institution.
Ghana Govt’s Loan Restructure Hits Ecobank’s $540m Profit
Ecobank Group’s audited results for the year ending December 31, 2022 shows that the bank grew profit before tax (PBT) by as much as 13 per cent to $540m.
The results, which was released on Thursday also shows that PBT growth leveraged benefits of the bank’s newly diversified business model.
Sterling Bank Extends Publication Date For Audited Results
erling Bank Plc, has just announced that it requires a short extension outside the deadline for filing its Annual Financial Statements (AFS) for the year ended 31st December 2022. This was contained in a copy of the bank’s letter to the Nigerian Exchange (NGX) filed on the 29th of March, 2023.
Company Secretary and Chief Legal Officer, Ms. Temitayo Adegoke, assured stakeholders and the public that the organisation is diligently working with its auditors, Deloitte, to finalise the AFS by the revised deadline of 30th April 2023. She emphasised that the bank’s commitment to regulatory compliance and transparency remains its top priority.
Zenith Bank’s Profit Drops to N223.91bn
Zenith Bank has released its financial statement for the period ended December 31, 2022, disclosing the firm’s net profit depreciated by -8.44 per cent.
The lender reported that its profit after tax declined to N223.91 billion in 2022, which is N20.64 billion below the N244.55 billion net profit posted for the preceding year.
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