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 :
FCMB Group PLC
sales of 180.10 billion Nigerian Naira [US$471.87 million]
of which 25%
was Retail Banking),
Sterling Bank Public Limited Company
(152.00 billion Nigerian Naira [US$398.25 million]
of which 16%
was Corporate Banking), and
Fidelity Bank Plc
(213.81 billion Nigerian Naira [US$560.17 million]
of which 46%
was Retail Banking).
During the year ended December of 2019, sales at
Union Bank of Nigeria PLC were 158.94 billion Nigerian Naira (US$416.43 million).
increase of 9.7%
versus 2018, when the company's sales were 144.88 billion Nigerian Naira.
Sales of Corporate Banking saw an increase
that was more than double the company's growth rate: sales were up
124.5% in 2019, from
15.28 billion Nigerian Naira to 34.31 billion Nigerian Naira.
Union Bank of Nigeria PLC also saw significant increases in sales in
Retail Banking (up 35.7% to 57.65 billion Nigerian Naira)
Commercial Banking (up 19.7% to 27.36 billion Nigerian Naira)
Not all segments of Union Bank of Nigeria PLC experienced an increase in sales in 2019:
sales of Treasury and Investment fell 38.6% to 40.58 billion Nigerian Naira.