Union Bank of Nigeria Plc reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was NGN 21,724 million compared to NGN 11,244 million a year ago. Net loss was NGN 2,568 million compared to net income of NGN 3,587 million a year ago. Basic earnings per share from continuing operations was NGN 0.19 compared to NGN 0.15 a year ago.
For the nine months, net interest income was NGN 50,622 million compared to NGN 31,782 million a year ago. Net income was NGN 8,809 million compared to NGN 13,469 million a year ago. Basic earnings per share from continuing operations was NGN 0.6 compared to NGN 0.53 a year ago.