Unity Bank has projected a loss of N1.8 billion in Q4 2020 after-tax, a loss that strays from the path to strong growth started in the 2018 financial year after the bank took bold corporate action to clean up its balance sheet in 2017.
According to the retail lender’s unaudited financials submitted to the Nigeria Stock Exchange, there is a projected dip across key financial metrics such as the Net Operating Income for the year ended December 2020, which stands at N324,565,578.
Also, a review of the Bank’s financial statement shows a projected pre-tax loss of N1.6billion in the corresponding period of 2020.
Net Interest Income also stands at N3,359,158,392. Despite the dip in Q4 2020 performance, the Bank’s Total Asset still stands at an impressive N396 billion.
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