UBA delays H1 results pending CBN approval

By Chinwendu Obienyi

United Bank for Africa Plc (UBA) has announced a delay in the publication of its audited half-year financial results for the period ended June 30, 2025, citing the need to obtain final approval from the Central Bank of Nigeria (CBN).

In a corporate disclosure filed with the Nigerian Exchange Limited (NGX), the pan-African lender confirmed that its Board of Directors had approved the financial statements on August 14, 2025. However, in accordance with regulatory requirements, the financials cannot be made public until they are vetted and approved by the CBN.

As a result, UBA has formally requested and obtained an extension from the NGX, allowing it to publish its results on or before September 30, 2025. The bank noted that should CBN approval be received earlier than anticipated, the results would be released ahead of the revised timeline.

“The Bank has requested for an extension of the publication of the Half-Year Audited Financial Statements from the Nigerian Exchange Limited (NGX) and obtained approval to publish the same on or before September 30, 2025,” the statement read.

This update comes as banks operating in Nigeria contend with a more rigorous regulatory environment, following the CBN’s efforts to ensure greater transparency, capital adequacy, and financial stability in the sector. The delay also reflects the increasing complexity of reporting standards across banking institutions with regional operations.

UBA, which operates in 20 African countries and maintains presence in the US, UK, France, and UAE, has grown its international business significantly in recent years. In the first quarter of 2025, the bank reported resilient earnings driven by higher net interest income and expanded digital banking services.

Market operators say the delayed publication is not uncommon among banks operating under CBN oversight, but note that investors will be watching closely for any material changes in asset quality, cost of risk, and capital buffers, particularly amid macroeconomic headwinds and rising inflation.

UBA’s shares closed at N47.95. The stock has been relatively stable year-to-date, supported by investor confidence in the bank’s diversified business model and conservative risk management strategy.