UBA Bank reports first profit in six years

UBA Bank Kenya has recorded a profit of Sh2.9 million in March 2015, up from a loss of Sh50.9 million in the same period last year. This represents a 105.7 per cent growth.

Increased lending saw a 92.84 per cent growth in net loans while advances grew to Sh1.55 billion this year, up from 805 million during the same period last year.