The Guardian (Nigeria)

United Capital records N6.85 billion H1 revenue By Helen Oji


FOR the half- year period ended June 30, 2021, United Capital Plc recorded N6.853 billion revenue, up from N4.447 billion achieved in the correspond­ing period in 2020.

The company's unaudited result for June 30, 2021 indicated that total expenses stood at N3.113 billion, compared with N2.179 billion reported in 2020.

Also, the bank's profit before tax ( PBT) rose by 65 per cent to N3.740 billion up from N2.268 billion, while profit after tax ( PAT) increased from N1.913 billion to N3.142 billion.

The Group Chief Executive Officer, Peter Ashade, said the company would focus on its transforma­tion agenda in the remaining half of the year, by deepening its value propositio­ns to different market segments, especially the underserve­d market while driving phased automation of the business processes.

According to him, the company's best- in- class digital platforms remain central to the purpose of transformi­ng lives and promoting financial inclusion across Africa.

He said the company would continue to work with regulators and other capital market operators on structural reforms to deepen the capital market as the domestic economy continues the path to recovery.

"Our bespoke affluent segment propositio­ns including private trusts and wealth management solutions are curated to increase, preserve and transfer wealth for our fastgrowin­g affluent customer base,” he said.

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