Union Bank H1 pretax profit rises 2 percent

Union Bank said on Thursday its half-year pretax profit rose 2.3 percent to 6.61 billion naira ($33 million), compared with a year ago.

Gross earnings also rose to 55.95 billion naira during the six months to end-June from 52.88 billion naira, it said in a statement.

“This was a good performance for the bank across most financial metrics, which can be attributed to our improving fundamentals and operational discipline,” said the bank Chief Financial Officer, Oyinkan Adewale.