Nigeria’s Union Bank says 2014 pretax profit jumps 80 pct

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LAGOS, – Nigeria’s Union Bank said on its 2014 pretax profit grew 80 percent to 26.97 billion naira ($136 million), compared with the previous year.

rose to 135.89 billion naira compared with 121.39 billion naira the previous year, the bank said, adding that narrowed its impairment charge for credit loss to 4.82 billion naira from 12 billion.

($1 = 199 naira) (Reporting by Oludare Mayowa; Editing by James Macharia)


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