The United Bank for Africa (UBA) Plc has reported a profit after tax of ₦538 billion for the third quarter of 2025, reflecting another milestone in the bank’s sustained trajectory of growth and profitability. The figure represents one of the strongest performances in the Nigerian banking sector this year, underscoring UBA’s resilience and effective execution of its strategic priorities amid global economic uncertainties.
In its latest unaudited financial statement released to the Nigerian Exchange Group (NGX), UBA disclosed that its gross earnings rose significantly during the period, driven by robust growth in interest income, improved transaction volumes, and strong contributions from its African subsidiaries. The bank said the impressive performance reflects its commitment to innovation, digital transformation, and customer-centric services.
According to the financial report, gross earnings grew to ₦1.7 trillion, representing a substantial increase compared to ₦1.1 trillion recorded in the same period of 2024. The growth was attributed to higher interest income from loans and advances, treasury operations, and investment securities, alongside increased fee and commission income from electronic banking and trade services.
UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, said the results demonstrate the bank’s solid fundamentals and the successful execution of its pan-African strategy. He noted that the institution continues to strengthen its market position by focusing on customer engagement, operational efficiency, and regional expansion.
“Our performance in the third quarter further reinforces UBA’s position as Africa’s global bank. We have consistently maintained a balance between growth, profitability, and risk management while investing in technology to enhance service delivery across all our markets,” Alawuba stated.
He added that the bank’s diversified business model — spanning retail, corporate, and digital banking — has insulated it from market shocks and enabled it to capitalize on emerging opportunities in different economies where it operates. “As an institution with a presence in 20 African countries, including the United Kingdom, the United States, and France, our strategic investments continue to yield strong returns,” he said.
UBA’s Profit Before Tax (PBT) also surged to ₦612 billion, marking a year-on-year increase of more than 150 percent. The bank attributed this to prudent cost management, growing non-interest income, and stable asset quality despite a challenging macroeconomic environment characterized by inflationary pressures and foreign exchange volatility.
The financial statement further showed that total assets rose to ₦22.3 trillion, up from ₦15.9 trillion at the end of 2024. Customer deposits also climbed to ₦16.4 trillion, reflecting strong customer confidence and the effectiveness of UBA’s deposit mobilization strategy.
Alawuba assured shareholders that the bank remains committed to delivering long-term value through sustainable profitability and responsible banking practices. He highlighted the bank’s focus on expanding access to digital banking services across Africa, supporting small and medium enterprises (SMEs), and financing projects that promote economic development.
UBA’s Group Chief Financial Officer, Ugo Nwaghodoh, also expressed confidence that the bank would maintain its growth momentum into the final quarter of the year. He said the institution’s strong liquidity position and effective risk management framework provide a solid foundation for future performance.
“The third quarter results are a reflection of our disciplined execution and robust balance sheet management. We remain focused on enhancing shareholder value through strategic investments, innovation, and prudent financial decisions,” Nwaghodoh explained.
Industry observers have described UBA’s performance as a validation of its strong governance structure and commitment to excellence. Financial analysts note that the bank’s consistent growth in both revenue and profit demonstrates its capacity to navigate economic headwinds and sustain leadership among Nigeria’s Tier-1 banks.
A banking analyst, Mrs. Toyin Ogunleye, noted that UBA’s regional diversification gives it a competitive edge. “While many banks rely heavily on domestic earnings, UBA’s broad African network provides resilience against country-specific risks and supports steady foreign currency inflows,” she said.
The bank’s digital transformation has also been credited as a key driver of growth. Over the past year, UBA has expanded its digital ecosystem through innovative platforms such as Leo, the bank’s artificial intelligence chatbot, and enhanced its mobile and internet banking infrastructure to improve customer experience.
Additionally, UBA’s commitment to financial inclusion and youth empowerment continues to attract positive recognition across the continent. The bank’s partnerships with fintechs, educational institutions, and development agencies have enabled millions of Africans to access affordable financial services and digital payment solutions.
As one of Africa’s leading financial institutions with over 35 million customers, UBA’s strong performance in 2025 positions it among the continent’s most profitable banks. The institution’s focus on sustainable growth, responsible lending, and technological innovation is expected to sustain its upward trajectory in the coming years.
With its third-quarter performance surpassing market expectations, analysts forecast that UBA’s full-year results will likely reflect record-breaking profits, further solidifying its reputation as a major player in Africa’s financial landscape. The bank’s steady earnings growth and expansion strategy are set to contribute meaningfully to Nigeria’s banking sector and the broader African economy.
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