UBA reports 2025 results with 9.4% asset growth to ₦33.2 trillion
UBA announced 2025 audited financial results with total assets growing 9.4% to ₦33.2 trillion (up from ₦30.3 trillion in 2024). Customer deposits increased 11.8% to ₦27.2 trillion, while gross earnings reached ₦3.09 trillion (slight 3.1% drop from ₦3.19 trillion in 2024). Despite the earnings decline, the bank maintained strong fundamentals with shareholders' funds rising to ₦4.25 trillion and capital adequacy ratio at 23.2%.
The results reflect strategic repositioning including ₦331 billion in loan loss provisions and ₦278 billion in derivative fair value changes. West Africa operations recorded 53% profit growth while East and Southern Africa delivered 61% increase. Pan-African operations contribute over 50% of total assets, revenue, and profit, with the bank operating in 20 African countries plus US, UK, France, UAE.
UBA successfully raised ₦395 billion through a rights issue, exceeding CBN's recapitalization requirements. CEO Oliver Alawuba stated the bank is well-positioned to accelerate growth with plans to expand risk assets across key sectors as macroeconomic conditions improve. With expectations of over ₦1 trillion in additional growth in the near term, the bank remains committed to sustainable earnings and shareholder value.
For investors, the strong capital position and diversified Pan-African model suggest resilience despite temporary profitability pressures. For customers, the emphasis on digital innovation indicates continued investment in service quality and accessibility.