Union Bank of Nigeria (NSA:UBNP) Tax Rate % : 3.73% (As of Mar. 2023)

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What is Union Bank of Nigeria Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Union Bank of Nigeria's Tax Expense for the three months ended in Mar. 2023 was ₦489 Mil. Union Bank of Nigeria's Pre-Tax Income for the three months ended in Mar. 2023 was ₦13,122 Mil. Therefore, Union Bank of Nigeria's Tax Rate % for the quarter that ended in Mar. 2023 was 3.73%.

Union Bank of Nigeria Tax Rate % Historical Data

The historical data trend for Union Bank of Nigeria's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Union Bank of Nigeria Tax Rate % Chart

Union Bank of Nigeria Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Tax Rate %

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1.72

1.92

3.25

6.38

5.11

Union Bank of Nigeria Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Tax Rate %	Get a 7-Day Free Trial															4.45	5.06	5.65	5.19	3.73

Union Bank of Nigeria Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Union Bank of Nigeria's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2022 )	/	Pre-Tax Income (A: Dec. 2022 )
	=	1607	/	31455
	=	5.11 %

Union Bank of Nigeria's Tax Rate % for the quarter that ended in Mar. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2023 )	/	Pre-Tax Income (Q: Mar. 2023 )
	=	489	/	13122
	=	3.73 %

Union Bank of Nigeria Tax Rate % Related Terms

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Union Bank of Nigeria (NSA:UBNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Union Bank of Nigeria PLC (NSA:UBNP) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

Stallion Plaza, 36 Marina, Lagos, NGA, 2027

Website

https://www.unionbankng.com

Union Bank of Nigeria PLC is a banking corporation. The principal activity of the Bank is the provision of banking and related financial services to corporate and individual customers. The company offers flexible current and savings accounts, cash management, trade finance, credit solutions, and treasury solutions. The company also provides personal loans, overdrafts, and advances to individuals as well as small and medium enterprises and corporates. The Bank also provides treasury services to high-net-worth individuals, commercial clients, corporates, and nonbanking financial institutions. The bank manages its business in four segments namely Retail Bank, Commercial Bank, Corporate Bank, and Treasury.

Union Bank of Nigeria (NSA:UBNP) Headlines

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