The asset base of Unity Bank has grown from N293.05 billion to N492.02 billion.

Unity Bank Plc has recorded 67 per cent growth in its total assets to N492.02billion in the year ended December 2020 from N293.05 billion in the corresponding period of 2019.

The agric-focused lender also declared Gross Earnings of N42.71 billion for the year ended December 2020 as well as Profit Before Tax, PBT of N2.22 billion and Profit After Tax, PAT of N2.09 billion.

The bank disclosed these in its audited results for full year ended 31 December 2020, released to the Nigerian Stock Exchange.

The significant growth in total assets was occasioned by 38 per cent growth in Customers Deposits as well as 92.2 per cent growth in Loans and Advances to Customers.

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According to the bank, customers’ deposit rose to N356.62 billion, up from N257.69 billion in the corresponding period of 2019, affirming the positive market uptake of the bank’s product offerings, as well as its growing customer base.

The Bank’s gross loans portfolio increased to N206.2 billion in December 2020 from N106.9 billion in December 2019 reflecting the increased commitment of the Bank’s lending strategy to support the nation’s food agenda, and thus the added advantage of improving food security across the country, providing employment to thousands of youths and entrepreneurs, while contributing to the conservation of forex stocks.

Consequently, Net Operating income rose to N25.46 billion from N23.21 billion in the corresponding period of 2019, representing a 9.71% increase, driven by 7.6 per cent increase in Net Interest income, which roseto N17.75 billion in 2020 from N16.49 billion in 2019.

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Commenting on the result, Unity Bank’s Managing Director/Chief Executive Officer, Mrs. Tomi Somefun stated that the results showed the resilience of the bank during unprecedented times of uncertainties and our ability to innovate and focus on key balance sheet items that will enable us to maintain growth trajectory.

Looking ahead, Somefun stated: “we will latch on targeted strategies to deploy significant investment in technology in order to ride the waves of the COVID-19 pandemic. On the back of this, the Bank will increase its focus on achieving major efficiency gains, deepening its retail footprints and penetrating identified cluster market segments, as bulwarks to tapping into various youth markets platforms, in addition to the mass market”.

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    Villa kick off the month against Leeds United at Elland Road at a new date of Sunday, October 2 (kick-off TBC) and it will be broadcast on Sky Sports. READ MORE: Aaron Danks succeeds where Steven Gerrard failed as Aston Villa send message to managerial candidates Don’t miss out on these exciting LIVE Premier League games! Sign up now! Our ticket sellers set their own prices for every ticket. Ticket prices vary based on several different factors. The opponents, the day of play, the importance of the match and many other things decide the price of the Aston Villa tickets. Villa’s trip to Craven Cottage to play Fulham is now on Thursday, October 20 at 7:30pm and will be broadcast on Amazon Prime Video, as previously announced. The two teams have met a total of seven times in the recent past, with Aston Villa emerging triumphant in five meetings and ending the other two in draws.

  86. Straka may have to hit a bit better off the tee than usual to win the Masters, but don’t be surprised to see him post a top-20 finish. Either way, at 250-1 odds, he could be worth a flier; and at the very least, a top-10 bet on him could prove to be a lucrative investment for those that believe in work approaching and on the green. Back PATRICK CANTLAY to win the 2023 Masters at +1800 with BetOnline. Other players to watch: Patrick Cantlay, Xander Schauffele, Joaquin Niemann and Harold Varner. Some sportsbooks offer odds boost that combines a handful of players to make the cut. Check out the “Sportsbook Promos” or “Odds Boost” section of the sportsbook to see what’s available. Among the names to watch, obviously, is Tiger Woods. In a league of his own, we’re looking at Tiger Wood’s Masters odds and offering our top picks for the five-time Masters champ. At age 47, does he have enough in the tank to push Scottie Scheffler, Rory McIlroy, and Jon Rahm as the consensus Masters favorites and top three golfers in the Official World Golf Ranking (OWGR)?
    Gabe Vincent is shooting 39% from three-point range in the Playoffs and averages 2.4 threes-made per-game. The point guard has produced some memorable shooting performances during Miami’s run to the Finals as he hit four of his five three-point attempts in the opening game against the Bucks, scored six in Game 3 against the Celtics and also sank five in a game against the Knicks. As such, Vincent looks a strong contender as an outside option to score the most threes in the Finals. Gabe Vincent is shooting 39% from three-point range in the Playoffs and averages 2.4 threes-made per-game. The point guard has produced some memorable shooting performances during Miami’s run to the Finals as he hit four of his five three-point attempts in the opening game against the Bucks, scored six in Game 3 against the Celtics and also sank five in a game against the Knicks. As such, Vincent looks a strong contender as an outside option to score the most threes in the Finals.