Union Bank of Nigeria PLC operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Union Bank of Nigeria PLC with three other
companies in this sector in Nigeria:
Unity Bank Plc.
sales of 84.01 billion Naira [US$275.56 million]
Fidelity Bank Plc
(151.40 billion Naira [US$496.58 million]
of which 43%
was Retail Banking), and
Sterling Bank Public Limited Company
(111.36 billion Naira [US$365.26 million]
of which 45%
was Corporate and Investment).
During the year ended December of 2016, sales at
Union Bank of Nigeria PLC were 117.47 billion Naira (US$385.30 million).
increase of 8.5%
versus 2015, when the company's sales were 108.28 billion Naira.
Sales of Corporate Banking saw an increase
that was more than double the company's growth rate: sales were up
248.0% in 2016, from
9.37 billion Naira to 32.60 billion Naira.
Union Bank of Nigeria PLC also saw significant increases in sales in
Treasury and Investment (up 13.3% to 35.92 billion Naira)
Not all segments of Union Bank of Nigeria PLC experienced an increase in sales in 2016:
sales of Commercial Banking fell 42.9% to 21.88 billion Naira.
Union Bank of Nigeria PLC also experienced decreases in sales in
Retail Banking (down 4.4% to 36.19 billion Naira)