Union Bank Thread! Am truly sori 4 Deleting it!

[oyetolap]

this must now intrest us on union bank http://t.co/xohjoRT9

[Superme]

Union is doing so well right now compared to last year ..those in ts can attest to dat, I had d opportunity of speaking to one.. And he explained so many thing n stated he was really glad to hav chosen to work wif union.. So those with fake news don't go spoiling pple's mind..when ur offer letter comes, u hav a choice to accept or reject.. Allow others to remain positive.. I await my offer letter wif much enthusiasm

[kunledamilare]

Before I have decided not to post any comment on this thread till i get my own invite too, but today I just felt i post something here. @all UBN offer is ok and as for marketing stuff just get your offer first and complete your TS, that is when you will know if yu will be a marketer for them.To those invited for second batch, let me use this avenue in joining others to congratulate you as you are awaiting yur offer letter and TS. As for some of us awaiting their medicals lets be hopeful, surely if its for us we will get there.Praying seriously nw!God answer your son. People will join me to celebrate IJN (AMEN).

[234GT]

For me, my only worry is that I dont want to be posted to lagos after the training. Ogun state or any other state in the south west would be alright for me. I dont like lagos for anything. The life there is too hectic for me. Sure, Union bank went through some crisis which started in 2009. I was serving then. Of all nine banks that were rescued then, Union is the only one still maintaining its corporate existence, so its a nice brand to work with.

[gregeal]

We should be d element of change in UBN, whether they are doing well or not. UBN has given us d platform to do exploits with them, and with God on our side we shall succeed. Amen.

[TheAngel]

As for those waiting for a breakdown of the offer and conditions from the peeps in TS, I don't think that is necessary. Cos the ones in TS now didn't get breakdown, they accept the offer in faith, so we should do likewise.

Concerning the TS, I'd prefer if they bring it to PH, cos I be PH boy ooo...lol. Anyway am ready if it's in Lag. As for those waiting....Keep Hope Alive.

[JapaneseMusco]

Union Bank of Nigeria Plc, the
only commercial bank among the
erstwhile rescued banks still
retaining its identity has
continued to improve on its
financial performance as it
Wednesday reported a net profit
of N13.6 billion for the second
quarter (Q2) ended June 30,
2012, against a loss of N44 billion
in the corresponding period of
2011.
While four of the then rescued
banks have since been acquired
and three were bridged, Union
Bank however survived the
storm.
According to the unaudited Q2
result to the Nigeria stock
Exchange (NSE) the bank a profit
before taxation (PBT) of N9.793
billion as against N65.679 billion
loss posted last year. However,
deferred tax income of N3.758
billion boosted the performance
to hit a PAT of N13.6 billion.
A further analysis of the
performance showed a total
comprehensive income for the
period rising to N11.99 billion as
against the loss of N43.50billion
posted during the corresponding
period last year.
This translated to earning per
share of 221 kobo compared to
the loss of 326 kobo recorded in
2011. Similarly, shareholders’
funds soared from a negative
N188.37 billion in 2011 to positive
N188.37 billion this year.
At the group level, Union Bank
posted a PAT of N16.14billion,
compared to a loss ofN40.30
billion posted during a
corresponding period last year.
Likewise, the group assets grew
from N1.038 trillion to N1.049
trillion, group total
comprehensive income rose to
N19.475 billion compared to a
N39.410 billion loss posted in
2011. This also translated to
earning per share of 251 kobo
as against a loss per share of
305 kobo recorded last year.
The group equity increased to
N207.92 billion from negative
N164.852 billion posted in 2011.
Union Bank had opened 2012 on
a promising note when it posted
a PAT of N6.32 billion for the first
quarter of the year.
The performance was attributed
to full re-capitalisation, injection
of new capital; support from
Asset Management Corporation
of Nigeria with the clean- up of
bad loans; faster service delivery
to customers and other polices
of the management.
The Group Managing Director/
Chief Executive of Union Bank,
Mrs. Funke Osibodu, had while
presenting the first quarter
earlier said “with this result
the bank has indeed begun to
move forward in the right
direction. We have been able to
turn around our loss position of
the previous years and more
significantly, we now have a
healthy and positive
shareholders’ fund.”
Union Bank has witnessed a
significant rally at stock market
in recent weeks due to renewed
demand. It went up by 27 per
cent last week alone. It closed at
N8.31 per share wednesday.

[Princenuel]

@gabbygabo I just knew you were the one bearing this name on NHJ when we met at Hanoba for the medicals and you told me the lab guy finished from Futo,as in that fair one, I just knew it's Gabriel,how far it's Aliyah!.
@all hope needs to be alive at all levels, both those in TS,those expecting offer letter,and those expecting to be called soon,just keep ya hope alive, though hope is frail it's hard to kill. Peace!

[TheAngel]

@Princenuel.... Thats me oooo

Hope Alive!!!!

[yemgaf]

Well felaz,i just tot i shld shed more light 2 dis salary issue.its tru dat ur salary wil b review downward afta ur confirmatn.bt wil b replaced wt an upfront payment of 420k at d beginin of d yr wt sum oda bonus.

[gregeal]

Pls guys break this thing down.

[234GT]

@yemgaf, I think what you are saying is that after confirmation, some allowances will be deducted from monthly pay and paid as lump sum at the beginning of the year, thus leading to a fall in monthly pay, but the same annual pay will still hold. Am I correct? Any which way, I am in.

[yemgaf]

@234gYep u r correct