United Bank for Africa Plc has announced a strong increase in customer deposits for the 2025 financial year, reflecting continued growth across its operations.
According to its audited financial results released via the Nigerian Exchange Limited, deposits climbed by 11.8 percent to N27.2 trillion, up from N24.3 trillion recorded in 2024.
The bank also reported a rise in total assets, which grew by 9.4 percent to N33.2 trillion in 2025, compared to N30.3 trillion in the previous year.
Despite this growth, gross earnings slightly declined to N3.09 trillion, down from N3.19 trillion in 2024.
Commenting on the results, Oliver Alawuba said the bank’s diversified African operations remained a key driver of performance.
He noted that subsidiaries outside Nigeria recorded strong double-digit growth, reinforcing UBA’s position as a leading Pan-African financial institution.
Alawuba revealed that the bank successfully raised N395 billion in fresh capital as part of efforts to meet new recapitalisation requirements set by the Central Bank of Nigeria.
The exercise was oversubscribed, indicating high investor confidence in the bank’s long-term strategy.
He added that the additional capital would support lending expansion across key sectors and strengthen UBA’s footprint across its markets.
The bank also increased investments in technology and innovation to scale its digital banking services.
According to Alawuba, these initiatives are expected to enhance digital revenue streams and improve customer experience across regions.
UBA disclosed that its 2025 performance was affected by significant loan loss provisions of N331 billion and derivative valuation adjustments of N227 billion
However, the bank stated that these factors are largely non-recurring and unlikely to impact future results at the same scale.
The bank’s African subsidiaries continued to play a major role in its overall growth.
West Africa recorded **53% profit growth, East and Southern Africa posted **61% profit increase
These regions now contribute more than half of UBA’s total assets, revenue, and profit.
Looking ahead, UBA projects strong earnings momentum, with expectations of generating over N1 trillion in additional growth in the near term.
The bank plans to expand its lending portfolio as macroeconomic conditions improve across its markets.
Ugo Nwaghodoh stated that the bank has strengthened its balance sheet to support sustainable growth.
He noted that proactive recognition of credit risks and adjustments to non-interest income have positioned the bank for future earnings recovery.
UBA’s shareholders’ funds rose to N4.25 trillion, while its capital adequacy ratio stood at 23.2 percent, reflecting strong financial stability.
