UBA Kenya, a subsidiary of pan-African bank UBA, performed well in Q3 2020. According to the bank's financial report sent to the press on Friday, December 4, some indicators  have been green in the first 9 months of the year.

Indeed, net profit stood at 251.3 million shillings (2.2 million USD) at the end of September  against 116.8 million shillings (1 million USD) during  the same period of the past year. The bank's asset  base increased  by 37% from 16 million shillings (USD 144,209) to 21.8 million shillings (USD 196,485) in the same period considered.

The credit book and deposits also saw increases of 10% and 25% respectively in the same period. Improved deposits led to an increase in net interest income of nearly 200 million shillings ($1.8 million).

 
According to UBA Kenya's acting managing director, Kehinde Omirinde, the bank's performance is because it has adopted an emergency strategy to deal with the coronavirus pandemic.