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Union Bank Posts N11.3bn Profit

Union Bank of Nigeria Plc has released its unaudited financial statements for the quarter ended June 30 2020, showing that its profit before tax increased marginally to N11.3 billion, from the N11.2 billion it recorded in the first half of 2019.

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FBN Holdings Records 56% Growth In Half-year Profit To N49.5bn

FBN Holdings Plc wednesday reported gross earnings of N296.4 billion for the six months ended June 30, 2020, showing an increase of 5.8 per cent, from N280.3 billion for the corresponding period of 2019. Net interest income rose 7.4 per cent from N141.7 billion to N131.3 billion in 2020, while non-interest income grew by 46.8 from N54.6 billion to N80.1 billion in 2020.

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