Last 8.11 NGN
Change Today 0.00 / 0.00%
Volume 712.9K
UBN On Other Exchanges
Symbol
Exchange
Lagos
As of 7:49 AM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

union bank nigeria plc (UBN) Snapshot

Open
8.05
Previous Close
8.11
Day High
8.18
Day Low
8.07
52 Week High
09/10/14 - 10.89
52 Week Low
11/7/14 - 6.48
Market Cap
137.3B
Average Volume 10 Days
1.2M
EPS TTM
0.36
Shares Outstanding
16.9B
EX-Date
11/17/08
P/E TM
22.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for UNION BANK NIGERIA PLC (UBN)

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union bank nigeria plc (UBN) Details

Union Bank of Nigeria Plc provides investment, corporate, commercial, and retail banking products and services for individuals, small and medium sized companies, and corporations in Nigeria and Europe. It operates through five segments: Retail Banking, Corporate Banking, Treasury and Investment Banking, Asset Management, and Insurance. The Retail Banking segment offers private banking services, private customer current accounts, deposits, investment savings products, custody, credit and debit cards, consumer loans, and mortgages. The Corporate Banking segment provides debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, and foreign currency products. The Treasury and Investment Banking segment offers financial instruments trading, structured financing, corporate leasing, and advisory services. The Asset Management segment is involved in the provision of financial intermediation services, which include trust services, granting of loans and advances, equipment leasing, LPO financing, loan syndication, fixed tenured borrowings, and insurance brokerage services to corporate and individual customers. The Insurance segment offers life assurance, covers for bonds, pension scheme, and general insurance products to individuals and corporate customers. The company also provides pension fund custodial, card, payment and collections, ATM, online and mobile banking, point of sale, and e-statements services. Union Bank of Nigeria Plc operates 339 branches in Nigeria. The company was founded in 1917 and is headquartered in Lagos, Nigeria. Union Bank of Nigeria Plc is a subsidiary of Union Global Partners Limited.

4,588 Employees
Last Reported Date: 05/24/14
Founded in 1917

union bank nigeria plc (UBN) Top Compensated Officers

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Executives, Board Directors

union bank nigeria plc (UBN) Key Developments

Union Bank of Nigeria plc Reports Unaudited Group and Parent Earnings Results for the Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Remainder of 2014

UNION Bank of Nigeria Plc reported unaudited group and parent earnings results for the nine months ended September 30, 2014. On group basis, the company has recorded gross earnings of NGN 74.8 billion in its unaudited financial results for the nine months ended September 30, 2014, against NGN 79.8 billion achieved in the corresponding period in 2013. The bank's profit before tax stood at NGN 8.3 billion, compared to NGN 6.8 billion achieved in 2013 while profit after tax rose from NGN 7.5 billion to NGN 8.1 billion during the period under review. Interest income was NGN 56.2 billion against NGN 60.6 billion a year ago. Net interest income was NGN 38.4 billion against NGN 44.4 billion a year ago. Net operating income was NGN 52.7 billion against NGN 51.3 billion a year ago. ROE was 5.4%. EPS (basic) was NGN 44,000 On parent basis, the bank reported interest income was NGN 55.2 billion against NGN 56.5 billion a year ago. Net interest income was NGN 37.5 billion against NGN 40.2 billion a year ago. Net operating income was NGN 54.0 billion against NGN 45.8 billion a year ago. Profit before tax was NGN 11.9 billion against NGN 11.7 billion a year ago. Profit after tax was NGN 11.8 billion against NGN 12.4 billion a year ago. ROE was 8.23%. EPS (basic) was NGN 70,000 Overall, the company expects the bank will continue its positive trajectory through the remainder of 2014.

Union Bank of Nigeria Plc Restructures Branch Network

Union Bank of Nigeria Plc announced it has embarked on a branch restructuring exercise that will enable it deliver efficient services to its customers nationwide. The bank disclosed that at the end of its ongoing transformation exercise, its branch networks across the country would expand to a total of 435, up from the 338 presently.

Union Bank of Nigeria Announces Unaudited Financial Results for the Six Months Ended June 30, 2014

Union Bank of Nigeria announced unaudited financial results for the six months ended June 30, 2014. The company reported gross earnings was NGN 45.9 billion compared with NGN 48.1 billion for the same period in 2013. Profit after tax was NGN 6.6 billion compared with NGN 11.3 billion for the same period in 2013. Profit before tax came in at NGN 6.6 billion, down 43% year-on-year. Net interest income totaled NGN 24.5 billion at core bank, a decline of 15% year-on-year.

 

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Industry Analysis

UBN

Industry Average

Valuation UBN Industry Range
Price/Earnings 46.6x
Price/Sales 2.0x
Price/Book 0.7x
Price/Cash Flow 46.1x
TEV/Sales NM Not Meaningful
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