UBA Deposits Hit ₦27.2 Trillion in 2025 Amid Profit Pressures
United Bank for Africa saw customer deposits rise by 11.8 per cent to ₦27.2 trillion for the 2025 financial year, up from ₦24.3 trillion in 2024. Total assets grew by 9.4 per cent to ₦33.2 trillion, while gross earnings eased slightly to ₦3.09 trillion. Group Managing Director Oliver Alawuba highlighted the bank’s resilience despite new Central Bank recapitalisation rules. UBA raised an additional ₦395 billion in capital, oversubscribed by investors, to boost lending and support its pan-African operations. Alawuba noted non-recurring charges – including ₦331 billion in loan loss provisions and ₦227 billion in derivative fair-value losses – weighed on profit. He said recovery efforts are under way and future earnings should benefit from improved macro conditions. Executive Director of Finance and Risk Ugo Nwaghodoh added that shareholders’ funds rose to ₦4.25 trillion and capital adequacy reached 23.2 per cent. He expects non-interest income headwinds to ease and forecasts earnings growth over ₦1 trillion in the current year.
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