Alabingo Finance Report || United Bank for Africa (UBA) leveraged on the relative stability in Nigerian foreign exchange market to strengthen its financial performance in the second quarter of 2017, resulting in its shareholders smiling to the bank with 20 kobo interim dividend at the end of the day.

A review of the banks showed a 56.19 percent appreciation in its post-tax profit to N42.34 billion in H2 2017, underpropped by 238.43 percent growth in forex trading income to N19.62 billion, 170.57 percent increase in fixed income securities to N5.61 billion and as was as a substantial -95.70 percent slice of the lender’s forex revaluation loss to N179 million from N4.17 billion in reversed period in 2016.

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