<p>Unity Bank has grown its total operating income by 14 per cent in the first half of 2020.</p>



<p>The financial services provider’s earnings peaked at N12.138 billion in 2020 from N10.688 billion in the same period in 2019.</p>



<p>Similarly, the bank’s  ;N1.3 billion earnings  ;through electronic banking has placed it  ;among the top 10 highest earners in Nigeria.</p>



<p>This was according to a Nairametrics research report released recently.</p>



<p>The Bank’s performance is not unconnected with its aggressive push in digital banking in recent years. It  ;spearheaded the launch of several cutting-edge digital baking solutions. This included a youth-focused mobile banking solution called UniFi and a robust internet banking platform.</p>



<p>Earlier in the year, Unity Bank launched multi-lingual USSD banking, the first in Nigeria’s banking industry.</p>



<p>Industry watchers opine that the bank’s aggressive reforms over the past three years are yielding dividends. <a href="http://www.guardian.ng"> The bank </a>returned to profit position in 2019 when it recorded a N4.061 billion gross profit.</p>



<p>The bank’s 2019 impressive performance has been improved upon in 2020. Its gross earnings stand at N22.8 billion between January and June 2020.</p>



<p>According to its unaudited financials submitted to the Nigeria Stock Exchange, the H1 gross earnings rose 11 per cent to <a href="https://openlife.ng/">N22.865 billion</a> from N20.547 billion in 2019.</p>



<p> ;Profit Before Tax grew by 7 per cent from N1.051 billion in H1 2019 to N1.120 billion in 2020. Profit After Tax equally rose by 7 per cent to N1.030 billion from N967.514 million in the corresponding 2019.</p>



<p>The bank however, showed strength in agribusiness by 19 per cent. It earned  ;N306.472 billion as against N257.691 billion as at December 2019.</p>

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