Unity Bank’s annual profit rises by 21%

Unity Bank Plc has reported a profit before tax of N2.69 billion for the 2021 financial year, compared to N2.22 billion a year earlier.

The bank said on Sunday that its profit after tax rose by 18 percent to N2.47 billion last year.

Customer deposits dropped to N322.28 billion as of Dec. 31, 2021 from N356.62 billion at the end of 2020, according to its financial statements.

It said net loans and advances to customers increased by 33 percent to N268.28 billion last year.

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