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Nova Merchant Bank Posts 108% Profit Growth to N3.5bn As Earnings Surge

April 18, (THEWILL) - NOVA Merchant Bank Limited announced its Audited Full Year 2022 financial results, showing an outstanding 107.9% year-on-year growth in profit before tax and the group year-on-year profit before tax of 98.2%. The financial institution’s funded and non-funded income grew significantly on the back of innovative offerings and exceptional customer service. Notably, ....

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Union Bank records strong revenue growth in FY2022 despite challenges

Union Bank continued to be resilient throughout 2022 leveraging on its strong capital position and remained agile, posting an increased overall income leading to an improved core-banking performance during the year. The Bank’s gross income for the year increased significantly by 73% to LKR 18,966 MN as a result of the Bank cautiously managing its […] ....

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Union Bank sustains resilience in 1Q2022 amid macro environmental challenges - Adaderana Biz English

The first quarter of 2022 witnessed the gradual recovery of economic activity resultant from the setbacks of the COVID-19 3rd wave. However, during 1Q 2022, continued political uncertainty that prevailed, largely impacted normalcy, with public and businesses facing heightened challenges brought-forth by gas and fuel shortages, rapidly rising inflation, FX reserves depletion, depreciation of the. ....

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