Unity Bank

Having been resuscitated from loss of N33 billion in 2013 to a profit of N13 billion in 2014, Unity Bank Plc said it is targeting a profit of N20.3 billion at the end of the current financial year. The profit level will increase to N26.1 billion in 2016 and N30.4 billion in 2017. Managing Director, Unity Bank Plc, Henry Sementari, gave these projections last week while presenting ’Facts behind the figures’ held at the Nigerian Stock Exchange (NSE) in Lagos. According to him, the profit would be made from gross earnings of N76.26 billion, N88.52 billion and N109.49 billion in 2015, 2016 and 2017 respectively. Apart from improved profit and gross earnings, Unity Bank is eying loans and advancesofN229billionin2015,N250 billion in 2016 and N283 billion in 2017.Total deposits are expected to hit N352,538 billion in 2015, N381 billionin2016andN424billionin2017, while total assets will climb to N441 billion in 2015, N578 billion in 2016 and N600 billion in 2017.