United Bank for Africa (UBA) Plc has released its unaudited results for nine months of 2025, reporting profit of N537.5 billion, compared to N525 billion for the same period last year, reflecting a 2.33per cent increase.

The bank also reported gross earnings of N2.5 trillion, up 2.96 per cent in nine months of 2025 compared to N2.398 trillion in the same period of 2024, driven by interest income.

The significant profit growth was propelled by interest income, which increased by 10.1% to N1.98 trillion.

significant portion of UBA’s interest income stemmed from loans and advances to customers, which increased by 3.5per cent to N7.20 trillion. The growth in the loan book, driven by both corporate and retail customers, contributed to higher interest earnings.

Investment securities, including both amortized cost and fair value through other comprehensive income (FVOCI) instruments, also contributed substantially to the interest income growth.

Interest expenses rose by 16.27per cent to N808.72 billion due to higher deposit costs.

However, the Group maintained a healthy net interest margin, with net interest income still strong at N1.17 trillion, up 6.18per cent.

Non-interest income for the nine months stood at N310.1 billion, a decline of 28.8per cent compared to N435.8 billion in the same period of 2024.

This decrease was primarily driven by a significant drop in net trading and foreign exchange income, which fell by 77.3per cent to N41.4 billion as well as a reduction in other non-interest income.

However, fees and commission income grew by 4.3per cent, driven by higher volumes in customer transactions, expansion of lending and credit services, enhanced digital banking solutions, and increased revenues from trade finance and foreign exchange activities.

Net impairment charge on loans and receivable was N56.89 billion, a significant decline from N123.48 billion in the same period in 2024. This represents a 54% decrease year-on-year.

After accounting for impairment, net interest income stood at N1.11 trillion in the first nine months of 2025. This represents a 2.7per cent increase from N1.08 trillion in the same period of 2024.

Overall, the reduction in impairment charges played a significant role in enhancing net interest income after impairment, helping the bank maintain strong profitability despite challenges in the non-interest income segment.

This improvement in credit quality positions UBA for sustainable growth in its core lending business.

UBA’s total assets increased by eight per cent to N32.49 trillion, driven by growth in cash and bank balances, loans and advances to customers, as well as investment securities.

Cash and bank balances rose by N951.0 billion to N9.11 trillion from N8.16 trillion in December 2024.

Loans and advances to customers expanded by 3.5per cent to N7.20 trillion.

Investment securities grew by 8.5per cent to N13.59 trillion, up from N12.53 trillion in December 2024.