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UNITED BANK FOR AFRICA PLC

Nature of Business: Banking.

Head Office Address: U.B.A. House, 57, Marina, P.O.Box 2406, Lagos.

Telephone: (002341) 26446551-700.

Fax:  (002341) 2644651-722.

Telex: MIBANK 28493, 28496, 28501.

Cable: MINDO BANK.

Email: N/A.

Website: N/A.

Date of Incorporation: 23.2.61.

Date Listed on the Lagos Stock Exchange: 1971.

Joint Auditors: KPMG Audit (Chartered Accountants), Lagos;  Akintola Williams & Company (Chartered Accountants), Lagos.

End of Accounting Year: 31st, March.

5-Year Financial Summary

 

United Bank For Africa PLC    5-Year Financial Summary   1994 - 1998

 

CAPITAL EMPLOYED 1998 1997 1996 1995 1994
N'000 N'000 N'000 N'000 N'000
Cash & Short Term Funds 25,598,837 19,365,201 18,444,369 19,825,479 6,462,560
Cash Reserve Deposits 2,498,589 1,881,016 1,161,107 882,084 613,136
Stabilisation Securities 1,499,747 2,320,718 4,196,142 4,196,142 3,042,103
Bills Discounted 9,842,252 9,434,635 5,990,820 3,635,839 1,946,945
Investments 704,653 3,824,929 3,124,844 3,070,749 890,051
Loans & Advances 16,796,441 10,760,815 8,986,917 6,220,112 4,317,846
Other Assets 8,738,803 4,939,329 4,278,614 4,611,346 5,461,290
Fixed Assets 3,042,749 2,359,836 2,025,602 1,758,633 1,548,048
68,722,017 54,886,479 48,208,415 44,200,384 24,281,979

Deposits & other Customers' Accounts 48,858,017 39,858,017 37,019,232 33,161,567 18,353,987
Accounts Payable Including Items in  Transit, Tax & Dividends 13,863,017 9,907,471 6,815,379 7,427,488 4,350,600
62,721,034 49,428,443 43,834,611 40,589,075 22,704,587

CAPITAL & RESERVES:
Share Capital 500,000 300,000 300,000 300,000 100,000
Reserves & Bonus Issue 0 200,000 0 0 0
Other Reserves 5,501,037 4,958,036 4,073,804 3,311,309 1,477,392
Shareholders' Funds 6,007,037 5,458,036 4,373,804 3,611,309 1,577,392
68,722,017 54,886,479 48,208,415 44,200,384 24,281,979

PROFIT & LOSS ACCOUNTS:
Gross Earnings 8,300,794 7,832,742 7,430,411 4,659,827 3,643,441
Profit before Tax 1,148,377 1,020,001 1,348,669 490,630 213,233
Tax (219,851) (101,170) (334,111) (136,010) (79,730)
Profit After Tax 928,526 918,831 1,014,558 354,620 133,503
Transfers to Reserves (628,526) (856,831) (814,358) (254,620) (82,503)

DIVIDENDS:
Ordinary (300,000) (60,000) (200,000) (100,000) (50,000)
Retained profit for Year 0 2,000 200 100 1,000
Profit Brought Forward 5,000 3,000 2,800 2,700 1,700

Per 50kobo Share Data (Adjusted)
Earnings per Share (in Naira) 0.93 1.92 1.01 0.35 0.13
Dividend per Share (in Naira) 0.30 0.06 2.20 0.10 0.05
Equity Interest per Share (in Naira) 6.11 5.46 4.37 3.61 1.58

Earnings and dividend per share are based on the issued ordinary shares at 31.3.98. Earnings are the after tax profit of each year.

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