United Bank of Africa PLC operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares United Bank of Africa PLC with three other
companies in this sector in Nigeria:
Guaranty Trust Bank PLC
sales of 434.47 billion Naira [US$1.42 billion]
of which 66%
was Corporate Banking),
Access Bank Nigeria Plc
(528.66 billion Naira [US$1.72 billion]
of which 37%
was Corporate & Investment Banking), and
FBN Holdings PLC
(585.95 billion Naira [US$1.91 billion]
of which 88%
was Commercial Banking Group).
During the year ended December of 2018, sales at
United Bank of Africa PLC were 467.45 billion Naira (US$1.52 billion).
a very small
increase of 0.7%
versus 2017, when the company's sales were 464.06 billion Naira.
This was the fifth consecutive year of sales increases at United Bank of Africa PLC
(and since 2013, sales have increased a total of 81%).
Sales of Treasury and Financial Markets saw an increase
that was more than double the company's growth rate: sales were up
43.5% in 2018, from
60.78 billion Naira to 87.23 billion Naira.
United Bank of Africa PLC also saw significant increases in sales in
Retail and Commercial Banking (up 9.1% to 283.87 billion Naira)
Not all segments of United Bank of Africa PLC experienced an increase in sales in 2018:
sales of Corporate Banking fell 12.5% to 122.95 billion Naira.