United Bank for Africa (UBA), one of Nigeria’s largest financial institutions, reported a pre-tax profit of 388.4 billion naira for the six months ended 30 June 2025, down from 401.5 billion naira in the same period last year. The decline comes despite strong growth in the bank’s interest income.

Interest revenue rose 32.89% to 1.3 trillion naira, driven primarily by Treasury bills, which contributed 366.4 billion naira. Corporate term loans added 319 billion naira, while bonds within investment securities generated 279.2 billion naira. Cash and bank balances and loans to other banks accounted for 113.2 billion naira and 105.6 billion naira, respectively, with other sources making up the remainder.

The board has proposed an interim dividend of 25 kobo per share, down from 2.00 naira per share a year earlier. The payout ratio edged up to 7.83% from 7.3%, while the dividend yield fell to 1.4% from 8.9%.