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:
Stanbic IBTC Bank Plc
sales of 139.47 billion Naira [US$453.29 million]
of which 34%
was Corporate & Investment Banking),
Sterling Bank Public Limited Company
(108.88 billion Naira [US$353.86 million]
of which 35%
was Corporate Banking), and
Unity Bank Plc.
(78.81 billion Naira [US$256.12 million]
During the year ended December of 2015, sales at
Union Bank of Nigeria PLC were 108.28 billion Naira (US$351.89 million).
increase of 13.0%
versus 2014, when the company's sales were 95.81 billion Naira.
The sales level in 2015 was fairly close to the level five years ago: in 2010, Union Bank of Nigeria PLC had sales
of 108.78 billion Naira.
Sales of Commercial Banking saw an increase
that was more than double the company's growth rate: sales were up
57.9% in 2015, from
24.24 billion Naira to 38.28 billion Naira.
Not all segments of Union Bank of Nigeria PLC experienced an increase in sales in 2015:
sales of Corporate Banking fell 44.5% to 9.37 billion Naira.
Union Bank of Nigeria PLC also experienced decreases in sales in
Retail Banking (down 3.3% to 37.86 billion Naira)
Treasury and Investment (down 19.5% to 31.70 billion Naira)