UBA Kenya, a subsidiary of the pan-African bank UBA, performed well during the 3rd quarter of 2020. According to the bank's financial report, which was sent to the press on Friday, December 4, some indicators were green during the first 9 months of the year

Indeed, net profit was 251.3 million shillings (2.2 million USD) at the end of September compared to 116.8 million shillings (1 million USD) during the same period last year. As for the bank's asset base, it grew by 37%, from 16 million shillings (144,209 USD) to 21.8 million shillings (196,485 USD) in

The credit book and deposits also saw increases of 10% and 25% respectively during the same period. The improvement in deposits led to an increase in net interest income of nearly 200 million shillings (1.8 million USD

According to the interim managing director of UBA Kenya, Kehinde Omirinde, the bank has experienced these performances because it has adopted an emergency strategy to deal with the