Unity Bank Plc has recorded gross earnings of N22.865 billion for the half year financial result. The bank’s eatnings grew by 11 per cent against N20.547 billion reported in the corresponding period of 2019.
The bank’s earnings of N1.3 billion through electronic banking channels within the reviewed period placed the lender among the top 10 highest earners in Nigeria according to a Nairametrics research report released recently.
The Bank’s performance is not unconnected with its aggressive push in digital banking in recent years as it spearheaded the launch of several cutting-edge digital baking solutions including a youth-focused mobile banking solution called UniFi and a robust internet banking platform.
It would be recalled that earlier this year, the lender also launched multi-lingual USSD banking, the first in Nigeria’s banking industry.
According to the Unity Bank’s unaudited financial result submitted to the Nigeria Stock Exchange, the half-year profit before tax, (PBT) grew by seven per cent from N1.051 billion in 2019 to N1.120 billion in the period under review. This is even as the Profit After Tax, PAT, equally rose by seven per cent to N1.030 billion from N967.514 million in the corresponding period of 2019.
