Nigeria: UBA grows total assets to N30.32trn, deposits N24.65trn

United Bank for Africa (UBA) Group Plc has delivered another very strong year, growing its total assets to N30.32 trillion in 2024, and successfully sustained its deposit mobilisation efforts, growing total deposits by 42 percent to N24.65 trillion from N17.36 trillion in the corresponding period of 2023.

Additionally, UBA generated a gross revenue of N3.19 trillion and profit after tax of ₦767 billion, while its loan book expanded by 35 percent to N7.51 trillion, from N5.55…