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United Bank for Africa (Ghana) posted a profit-after-tax of GH�20.51 million for the first half of the year compared to GH�9.98 million for the same period, representing an increase of 106 percent. Net interest income increased by 37 percent from GH�14.62 million in June 2011 to GH�20.04 million in June 2012. Operating income was also GH�46.22 million in the period under review, representing an increase of 36 percent from GH�34.42 million recorded for the same period in 2011. Similarly, the bank�s total assets grew by 33 percent from GH�379.43 million in June 2011 to GH�503.10 million as at June 30, 2012. In addition, the bank�s deposits increased to GH�361.67 million, compared to GH2�57.12 million, an increase of 41 percent while net loans increased to GH�103 million as at June 2012 from GH�77.41 million as at June 2011, an increase of 34 percent. Charles Appiah, Chief Financial Officer (CFO) of UBA, commenting on the achievement, observed that �the consistent growth in the bank�s financial performance is as a result of efficiency and cost control measures adopted by management.� UBA Ghana is a subsidiary of United Bank for Africa Plc in Nigeria, one of the largest financial services groups in Africa with operations in 19 African countries and three global financial centers � London, Paris and New York.