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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    All betting content on TheGameDay.com is exclusively intended for audience members 21 years and older who are permitted to gamble in legal states. The Game Day may earn revenue from site visitor referrals to betting services. The Phillies held on to a playoff spot in the N.L. and they will face the N.L. Central champion Cardinals in the first round. Despite winning 100 games this season, the Mets were swept by the Braves last weekend to lose out on the division and they must now face a dangerous Padres team in the 4-5 Wild Card matchup. The winner faces the top-seeded Dodgers and the Braves await the winner of the Cardinals and Phillies series. Use of Cookies: MyBookie uses cookies to improve your experience. By using the MyBookie website, you are consenting to the use of cookies in accordance to our Cookie Policy.

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  73. Critical test for Al-Ahly and Zamalek in dramatic Egypt Cup final SHOP NOW  Last month, TimesLIVE reported that many Al Ahly fans were clamouring for the South African’s presence in the dugout following the Red Devils’ disastrous 2-0 Egypt Cup final loss to arch-rivals Zamalek. Al Ahly SC performance & form graph is Sofascore Football livescore unique algorithm that we are generating from team’s last 10 matches, statistics, detailed analysis and our own knowledge. This graph may help you to bet on Al Ahly SC matches, but be aware of that Sofascore Livescore accepts no responsibility or liability for any financial or other loss, be it direct or indirect, as a result of any action reliant on any of this website’s content. Of the seven games that the South African missed, Al Ahly only won three, losing as many and picking up one draw, putting pressure on Pitso Mosimane successor Ricardo Soares.
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    By choosing I Accept, you consent to our use of cookies and other tracking technologies. Leeds have not won a major knockout competition since lifting the FA Cup in 1972 but they should have no problem easing to victory over League One strugglers Accrington in their FA Cup fourth-round clash at the Wham Stadium. We’ll be looking to record another top-flight double over the Yorkshire club, after winning 5-1 at home and 4-2 away in 2021/22. MORE: Leeds United vs. Arsenal: Time, TV channel, stream, betting odds for Premier League clash at Elland Road Manchester United vs Crystal Palace: How to watch, stream link, injuriesThe 2022-23 Premier League fixtures are front and center as the new season has delivered so much drama so far and normal service has resumed after the World Cup break. Remember: you can watch all 380 Premier League games across NBC, USA Network, NBCSports. com and Peacock. We’ve got you covered. Will Manchester City win yet another Premier League title? Can Chelsea and Liverpool push them all the way? How will Manchester United’s new-look side fare? What about Tottenham and Arsenal? How will the new boys get on? Who will be the surprise package? So.

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