Unity Bank Posts 620.93% Pre-tax Loss of N33.6bn

Unity Bank on Monday posted a pretax loss of N33.6 billion ($209 million) for 2013, against a N6.45 billion naira profit in the same period last year. This translates into a loss of 620.93 percent during the period.
Gross earnings at the mid-tier lender rose to N52.2 billion during the twelve months period to December 31, compared with N41.2 billion a year earlier.

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