Unity Bank posts 2013 pretax loss of N33.6bn

Nigeria’s Unity Bank on Monday posted a pretax loss of 33.6 billion naira ($209 million) for 2013, against a 6.45 billion naira profit in the same period last year.

Gross earnings at the mid-tier lender rose to 52.2 billion naira during the twelve months period to Dec. 31, compared with 41.2 billion naira a year earlier.