Union Bank Nigeria Plc, one of the Nigeria lenders bailed out by the Central Bank in 2009 has released third quarter results which show improvement at the bottom line level.
For the nine months through September 2014, Union bank’s net income increased by 6.73 percent to N8.0 billion compared with N7.57 billion the same period of the corresponding year (Q3) 2013
The bank’s share price closed at N8.26 on the floor of the Nigeria stock exchange while market capitalization was N139.88 billion.
Bala Augie
Source : BusinessDay