Union Bank of Nigeria PLC operates within the Commercial banks sector. In addition to historical fundamental analyses, the complete report available to purchase compares Union Bank of Nigeria PLC with three other companies in this sector in NIGERIA : Sterling Bank Public Limited Company (2019 sales of 152.00 billion Nigerian Naira [US$398.25 million] of which 16% was Corporate Banking), FCMB Group PLC (180.10 billion Nigerian Naira [US$471.87 million] of which 25% was Retail Banking), and Fidelity Bank Plc (213.81 billion Nigerian Naira [US$560.17 million] of which 46% was Retail Banking).

Sales Analysis. During the year ended December of 2019, sales at Union Bank of Nigeria PLC were 158.94 billion Nigerian Naira (US$416.43 million). This is an increase of 9.7% versus 2018, when the company's sales were 144.88 billion Nigerian Naira. Sales of Corporate Banking saw an increase that was more than double the company's growth rate: sales were up 124.5% in 2019, from 15.28 billion Nigerian Naira to 34.31 billion Nigerian Naira. Union Bank of Nigeria PLC also saw significant increases in sales in Retail Banking (up 35.7% to 57.65 billion Nigerian Naira) and Commercial Banking (up 19.7% to 27.36 billion Nigerian Naira) . Not all segments of Union Bank of Nigeria PLC experienced an increase in sales in 2019: sales of Treasury and Investment fell 38.6% to 40.58 billion Nigerian Naira.