This was disclosed by Unity Bank CEO, Mrs Tomi Somefun in a statement on Friday, in Lagos.
She stated that the CBN funding during the wet season was part of the administration’s promise to farmers adding that the bank had been funding farmers through the scheme since 2019. Over 37,000 farmers received funding in 2019, while in 2020, the number of farmers rose to over 70,000.
“With agriculture contributing over 26% to Nigeria’s GDP and employing about 50% of Nigeria’s working population in the rural areas, the bank will continue to make strategic investments into the sector.
Investments are in line with the Federal Government’s quest to attain food sufficiency, diversify the economy away from oil, create jobs for the youth and reduce poverty,” she said.
By Itohan Abara-Laserian Lagos, May 1, 2021 Unity Bank Plc has sustained its growth momentum as it recorded 43 per cent in both profit before and after taxes in the first quarter ended March 31. Managing Director/Chief Executive Officer of the Bank, Mrs Tomi Somefun, disclosed in the Bank’s unaudited Q1-2021 results
Wed Apr 21 2021
A review of Unity Bank Plc audited results for full-year ended 31 December 2020, released to the Nigerian Stock Exchange, shows that the bank grew its assets base to N492.02 billion representing an increase of 67.90 percent from N293.05bn total assets recorded in 2019.
The agric-focused lender also declared gross earnings of N42.71bn within the period under review.
The bank improved its bottom line marginally as Profit After Tax (PAT) stood at N2.09bn while Profit Before Tax, PBT closed at N2.22bn.
The lender substantially grew its customers’ deposit portfolio to N356.62bn, up from N257.69bn in 2019, representing a 38.4% growth.
April 20, 2021
April 20, 2021
Unity Bank Plc on Tuesday announced an asset base of N492.02 billion for the financial year ended Dec. 31, 2020.
The bank in its audited result released by the Nigerian Exchange Ltd., said its total assets rose by 67.90 per cent when compared with N293.05 billion achieved in the comparative period of 2019.
The bank’s customer deposit portfolio grew by 34.4 per cent to N356.62 billion, up from N257.69 billion posted in the corresponding period of 2019.
The bank posted gross earnings of N42.71 billion compared with N44.59 billion recorded in the comparative period of 2019.
Profit after tax stood at N2.09 billion, while profit before tax closed at N2.22 billion during the year under review.
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