Union Bank Archives - Page 9 of 9

Union Bank Plc Cash Adequacy Ratio Drop to 13.3% …with over N152bn Litigation Claims Against it …as MD assures of better years ahead

April 1, 2017 0

By Friday Ekeoba Notwithstanding its seemingly financial statement for the year ending December 31st 2016, Union Bank Plc Cash Adequacy Ratio (CAR) considering its operations has dropped to 13.3 per cent, compared to the regulatory benchmark of 15 percent respectively. Generally, a bank with a high CAR is considered safe and likely to meet its financial obligations. CAR isused by financial regulators …

Union Bank Get’s Nod to Raise N50 Billion Right Issue

December 7, 2016 0

Union Bank Get’s Nod to Raise N50 Billion Right Issue Sequel to its growth plans, Shareholders of Union Bank of Nigerian Plc yesterday approved the request of board of directors to raise N50 Billion for the bank growth plans. The approval was given at an Extra Ordinary General Meeting (EGM) held in Lagos. However, this is subject to the company …