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Union Bank posts N281bn loss

By Michael EBOH
Union Bank Nigeria Plc has announced a loss after tax of N281.37 billion in its December 31, 2009 financial statement compared to a loss after tax of N72.85 billion in 2008.
The bank, in the result released to the Nigerian Stock Exchange (NSE), Friday, shows a drop in its turnover by 22.3 per cent to N113.68 billion from N146.3 billion recorded in 2008, while it posted a loss before tax of N279.79 billion from N67.34 billion in 2008.


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