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Banking activity: Unity Bank posts a net profit of 5 million USD in the 3rd quarter of 2021

05/11/2021
Categories: Companies

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Unity Bank Nigeria's loan portfolio grew by 31%. Its profit after tax stood at 1.94 billion naira (5 million USD) in the first 9 months of the year.

According to the third quarter financial results released by the Nigerian Commercial Bank, profit before tax for the period under review increased by 23% to 2.11 billion naira (5 million USD) from 1.71 billion naira (4 million) during the corresponding period in 2020. The loan portfolio increased by 31% to 265.32 billion naira (647 million USD) during the third quarter of 2021 compared to 202.08 billion in the same period of the past year.

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