Unity Bank Plc on Wednesday, announced its financials for the six months ended June 30, 2014, showing gross earnings of N30.851 billion, a flat increase over previous half-year’s N30.174 billion.
Profit before tax however rose by a significant N3.543 billion or 81.35 per cent, from N4.355 billion in the first half of 2013, to N7.898 billion; while profit after tax jumped to N7.108 billion from N3.702 billion, representing an increase of N3.406 billion or 92.0 per cent.
Net loans and advances to customers rose to N205.483 billion from N195.229 billion recorded in December 2013; cash and cash equivalents dropped to N16.969 billion from N17.096 billion recorded in December 2013; total asset which was N403.629 billion by the end of December 2013 dropped to N403.588 billion; while loans and advances to customers stood at N10.959 billion from N30.853 billion in December 2013.
Very impressive performance in Unity Bank Plc.