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Unity Bank De-Risks Balance Sheet to Increase Value

Nov 06, 2018 - The Guardian (London)

Unity Bank of Nigeria Plc has announced total de-risking of its balance sheet, thereby ridding the bank of toxic legacy assets and paving the way for significantly improved return on investment to shareholders in the coming years.

De-risking is a process of reducing all risks that threaten a company's growth. Already, signs of a return to improved performance were evident in its third quarter (Q3) 2018 result, which showed a profitability of N644 million.Also, in its 2017 annual report of ...