Union Bank declares N8.7bn profit in six months

Union Bank of Nigeria Plc has recorded profit after tax of N8.7 billion for the first six months of this year, compared with N6.3 billion within same period in 2015.

An x-ray of the bank’s financial statement, showed that, total assets also increased from N1.046 trillion of full year 2015 results to N1.152 trillion as at the end of half year 2016.

The Bank’s earning per share within the period improved by  40.54 per cent from 37 kobo in 2015 to 52 kobo in half year 2016.