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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.

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

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