2022 Annual Report

Financial Performance Disclosures

Principal Activities The principal activities of the Bank during the year were the provision of retail financial services to members in the form of taking deposits and giving financial accommodation as prescribed by the Constitution. No significant changes in the nature of these activities occurred during the year.

Operating Results The net profit of Unity Bank Limited for the year after providing for income tax was $7,347,707 [2021: $5,366,356].

Dividends No dividends have been paid or declared on member shares since the end of the financial year and no dividends have been recommended or provided for by the Directors of the Bank.

Review of operations The results of the Bank’s operations from its activities of providing financial services to its members did not change significantly from those of the previous year.

Significant changes in state of affairs The Bank, in line with other institutions across the globe is continuing to manage its response to the Covid-19 Global Pandemic in a number of ways. The core focus of the Bank is to ensure Member assistance and staff safety. There were no other significant changes in the state of the affairs of Unity Bank Limited during the year. Events occurring after the end of the reporting date There are no other matters or circumstances that have arisen since the end of the financial year which significantly affected or may significantly affect the operations, or state of affairs of Unity Bank Limited in subsequent financial years. Likely developments, business strategies and prospects No other matter, circumstance or likely development in the operations has arisen since the end of the financial year that has significantly affected or may significantly affect: (i) The operations of Unity Bank Limited;