Union Bank of Nigeria Balance Sheet Health
Financial Health criteria checks 4/6
Union Bank of Nigeria has total assets of NGN2,925.5B and total equity of NGN309.6B. Total deposits are NGN1,649.0B, and total loans are NGN981.6B.
Key information
9.4x
Asset to equity ratio
n/a
Net interest margin
| Total deposits | ₦1.65t |
| Loan to deposit ratio | Appropriate |
| Bad loans | 4.0% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | ₦491.71b |
Recent financial health updates
Recent updates
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: UBN's Assets to Equity ratio (9.4x) is low.
Allowance for Bad Loans: UBN has a low allowance for bad loans (79%).
Low Risk Liabilities: 63% of UBN's liabilities are made up of primarily low risk sources of funding.
Loan Level: UBN has an appropriate level of Loans to Assets ratio (34%).
Low Risk Deposits: UBN's Loans to Deposits ratio (60%) is appropriate.
Level of Bad Loans: UBN has a high level of bad loans (4%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/04 22:32 |
| End of Day Share Price | 2023/11/14 00:00 |
| Earnings | 2023/03/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Union Bank of Nigeria Plc is covered by 3 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Olufemi Ademola | BGL Research |
| null null | FSDH Merchant Bank Limited |
| Brent Malahay | J.P. Morgan |