The United Bank for Africa (UBA) on Monday announced that its pre-tax profit rose almost four fold to N44.86 billion ($285.10 million) in the first nine month to September, compared with N9.42 billion in the same period last year.
Figures from the bank showed a sharp fall in losses taken from bad loans to N4.7 billion in the nine months to September, compared with N11.478 billion in that period last year.
The bank said gross earnings also rose to N168.20 billion from N138.50 billion in the last period.
