Temitope
Temitope Akinola
Union Bank Plc's half year results have shown tremendous progress in almost all the key areas of the bank's business. The unaudited results announced by the bank covered a 6-months period which ended June 30, 2015. The bank's management attributed this progress to the deployment of a new technology as well as rebranding of the bank.
Below are the highlights of the bank’s 2015 half year performance in comparison to the 2014 half year performance;
In his comment on the 2015 half year results, the Managing Director/CEO of Union Bank Plc, Emeka Emuwa attributed the recorded success to the implementation and migration to a new banking platform, Oracle FlexCube UBS. The technology has provided a more stable operating environment for the bank to serve customers and process routine transactions quicker and more efficiently.
For the second half of 2015, the bank has resolved to continue to manage funding costs, reducing operating expenses and minimizing impairment costs through proactive risk management.
Below are the highlights of the bank’s 2015 half year performance in comparison to the 2014 half year performance;
Gross earnings grew by 17%, Non-volatile deposits grew by N55.7bn. Another significant thing is that the bank's total expenses dropped from N28.1 billion in the first half of 2014 to N27.9bn in 2015. That's quite commendable of Union Bank Nigeria Plc.In his comment on the 2015 half year results, the Managing Director/CEO of Union Bank Plc, Emeka Emuwa attributed the recorded success to the implementation and migration to a new banking platform, Oracle FlexCube UBS. The technology has provided a more stable operating environment for the bank to serve customers and process routine transactions quicker and more efficiently.
For the second half of 2015, the bank has resolved to continue to manage funding costs, reducing operating expenses and minimizing impairment costs through proactive risk management.
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