Prime

UBA gets Sh1bn from Nigeria parent in push for big loans

The United Bank of Africa’s building in Nigeria’s commercial capital Lagos. PHOTO | REUTERS

United Bank of Africa (UBA) has received Sh1 billion capital injection from it Nigerian parent company to support its ambitions of booking large loans.

UBA, which posted profit for the first time after seven years of operations, increased its core capital to Sh2.1 billion from Sh1.1 billion.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME CBK fines slapped on banks, forex bureaus now hit Sh93 million

  2. PRIME The absentee builder: A call to civic duty

  3. PRIME Minimally invasive surgeries up as hospitals expand services

  4. PRIME Cytonn suffers fresh setback in battle for property titles

In the headlines

View All