Unity Bank Plc, one of Nigeria’s leading commercial banks, has announced a delay in the release of its First Quarter 2023 Unaudited Financial Statements (UFS).
The delay was made known via a statement released on the Nigerian Exchange Limited (NGX) and obtained by Investors King.
The due date for the release of the Q1 2023 UFS was 30th April 2023, as required by NGX Rules. However, the delay was caused by the late filing of the Company’s 2022 Audited Financial Statements (AFS), which is still undergoing regulatory approval.
In a previous notification to NGX dated 28th April 2023, the bank had informed stakeholders of the impending delay, citing the need to comply with regulatory requirements.
According to the Company Secretary, Alaba Williams, the bank is working tirelessly to ensure that the primary regulator’s approval of the 2022 AFS is received soon. Once approved, the documents will be released to NGX and the general public alongside the Q1 2023 UFS.
The delay in the release of the financial statements is not expected to have any adverse impact on the bank’s operations. Unity Bank Plc remains committed to transparency and compliance with regulatory requirements and assures stakeholders of its commitment to releasing the financial statements as soon as possible.
Stakeholders can visit the “Investor Relations” section of the bank’s website to stay updated on the progress of the regulatory approval process and the release of the financial statements.
