Tag: SkillPaddy, Unity bank
IWD: Unity Bank Partners SkillPaddy to Train 1,000 Female Software Engineers
Nigerias Unity Bank Plc is partnering with SkillPaddy in its “Count Her In” tech Programme focused on empowering no fewer than 1000 female beneficiaries in...
Unity Bank Records N38.2 Billion Gross Earnings in Q3’23 Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, an indication of business growth and customer confidence in the Bank. A review of the lender’s unaudited nine-month results released to the Nigerian Exchange Group Limited showed that the Bank continued to maintain its expansionary and customer-centric model with total loans and advances rising to N222.8 billion, even as interest and similar income stood at N33 billion, which underscores the Bank’s strategic focus to reinvigorate and sustain asset creation that will deliver returns to shareholders. Other key highlights of the 9-month financials include the total assets which stood at N423.4 billion; net fee and income commission, N4.4 billion within the period. However, the recent FX regulation impacted the Bank’s bottom line, a situation that can be reversed as the Naira appreciates. Commenting on the result, the Managing Director/CEO of Unity Bank Plc, Mrs. Tomi Somefun said that the Bank is focusing on its efforts to recapitalize the institution, aggressively drive asset creation, innovate with products to compete favourably in new markets and relentlessly drive pursuit of digital Banking innovation in order to shake off and completely reverse negative positions. She stated that despite the tough operating environment, the deposit position continues to witness steady appreciation which supports the business as the Bank drives initiatives to ramp up transactions as part of its strategy for the short and medium term. “This also means that the Bank enjoys market confidence which will enable the institution thrive better in the months ahead with increased business conversion, profitability and growth needed to achieve sustainable returns,” she said. Added to the above, Somefun also stated that “the Bank is seeing encouraging uptake in its digital Banking services and with expansion envisaged in the pursuit of enhanced retail franchise, fintech partnership, consumer banking and other innovative retail loans as well as diversification of portfolio investment, the outlook remains one of optimism’’. Analysts expressed the confidence that re-engaging the market in the short and medium term by deepening the retail end of the market as part of the business strategy will drive more income streams to boost both market share and financial position in the days ahead. #
Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4...
Unity Bank holds financial literacy training for students
Unity Bank Plc has facilitated financial literacy training in thirty-one schools across Nigeria as part of the lender’s activities marking Global Money Week, 2023. The...
Corpreneurship Challenge: Unity Bank splashes N10M grant on 30 corps members
Unity Bank Entrepreneurship Development Initiative – Corpreneurship Challenge, targeted at empowering fresh graduates and Corp Members on one-year...
Unity Bank declares N2.2 billion profit in Q3/2022, grows gross earnings by 17%
Unity Bank Plc,one of the leading banks in the lending sector,has declared a N2.2 billion profit for the nine-month period ended September 30, 2022, with 17%...
Unity Bank rolls out, Yanga,market penetration campaign
Retail lender, Unity Bank Plc has deployed a new marketing campaign targeted at reaching millions of women entrepreneurs, especially the underbanked across...
Unity Bank posts N27B gross earnings in H1’22 records 23% growth in PAT
Unity Bank Plc has posted gross earnings of N27.6 billion for its 2022 half-year results, representing a growth of 17% year-on-year. Unity Bank Corpreneurship...
Unity Bank Corpreneurship Challenge: Delta, Rivers Corps members to benefit from N10m business grant
Corpreneurship Challenge, Unity Banks Enterpreneurial Development Initiative, is set to return for the 8th edition across 10 locations in Nigeria, with a debut in...
MAAN commends Unity Bank for supporting Maize farmers
Nigerian maize farmers under the auspices of Maize Farmers Association of Nigeria (MAAN), have commended Nigeria’s agric-focused lender, Unity Bank Plc for its...
Unity Bank gets NYSC recognition, wins Icon of Youth Empowerment
From left: Mr. Funwa Akinmade, Group Head, Retail, SME and E-Banking, Mr. Olufunwa Akinmade receiving the Icon of Youth Empowerment award from the Director General of...
