United Bank for Africa (UBA) Plc, has posted an increase of 11.8 per cent in customer deposits for the financial year ended December 31st, 2025.
The bank disclosed this in its audited financial results released through the Nigerian Exchange Ltd., on Saturday.
According to the report, the deposits rose to N27.2 trillion in 2025 from N24.3 trillion recorded in 2024.
The bank also reported a growth in total assets, which increased by 9.4 per cent to N33.2 trillion, compared with N30.3 trillion posted in the corresponding period of 2024.
The results showed that the group gross earnings stood at N3.09 trillion from N3.19 trillion recorded in the previous year.
Commenting on the results, UBA Group Managing-Director, Oliver Alawuba, said the bank has continued to demonstrate the true strength of its Pan-African diversified model.
Alawuba said this was in spite of the moderation in bottom-line performance compared to the prior year’s highs, as core business engines, especially in the subsidiaries outside Nigeria delivered double-digit growth.
“The 2025 financial year was defined by UBA’s proactive approach to the Central Bank of Nigeria’s new recapitalisation requirements.
“The group successfully concluded capital raising programme, which was oversubscribed, reflecting strong investor confidence in UBA’s long-term growth strategy.
“A total of N395 billion additional capital was raised, enhancing our capacity to support our footprints, and expanding lending to key sectors.
“We have also made significant investments in innovation, technology and resources to drive our payment and digital offerings; this will help scale digital-led income streams across our markets,” he said.
Alawuba noted that the bank delivered strong gross earnings of N3 trillion, underpinned by solid business fundamentals.
