Union Bank records N42.9bn gross earnings

Union Bank of Nigeria Plc has released its unaudited financial result for the first quarter ended March 2022, reporting gross earnings of N42.9 billion. The amount represents 18 per cent compared with N36.4 billion reported in the same period of 2021. The growth was driven by strong earning assets from on lending to key sectors in the Nigerian economy. Net Read More

Wema bank announces 135.8% growth in profit before tax

November 1, 2021 Suleiman Idris 0

Wema Bank Plc has announced an increase of 135.8 per cent in profit before tax (PBT) to close its third quarter at N7.2 billion on the back of a Year-on-Year (Y-oY) growth of 9.1 per cent in gross earnings to N63.1 billion from N57.8 billion. In its unaudited financial results its total assets increased by seven per cent to N1.07 Read More

Sterling Bank forecasts N3.2bn PBT for Q42021

September 20, 2021 Suleiman Idris 0

Sterling Bank Plc, a full service national commercial bank, has projected a profit before tax (PBT) of N3.2 billion on gross earnings of N40.194 billion for the fourth quarter ending December 31, 2021. Head, Finance & Performance Management at Sterling Bank, Mrs. Adebimpe Olambiwonnu who disclosed this in the bank’s earnings projection sent to NGX Limited over the weekend, remarked Read More

Sterling Bank forecasts N3.2bn PBT for Q42021

September 20, 2021 Amaka Ifeakandu 0

Sterling Bank Plc, a full service national commercial bank, has projected a profit before tax (PBT) of N3.2 billion on gross earnings of N40.194 billion for the fourth quarter ending December 31, 2021. Head, Finance & Performance Management at Sterling Bank, Mrs. Adebimpe Olambiwonnu who disclosed this in the bank’s earnings projection sent to NGX Limited over the weekend, remarked Read More

Commitment to customer service translates to financial gains – UBA GMD

September 20, 2021 Blessing Anaro 0

The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, has said that the bank recorded significant improvement in its operational and financial performance as a result of its unending commitment towards delivering products and services aimed at meeting customers’ demands. Uzoka said this during the Investors/Analysts Conference Call at the bank’s head office in Lagos, Read More

UBA grows Q2’s pre-tax profit 33.4% to N76.2bn

September 15, 2021 Blessing Anaro 0

Africa’s leading financial institution, the United Bank for Africa (UBA) Plc has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators. The pan African financial institution delivered a 33.4 per cent appreciation in its profit before tax which rose to N76.2 billion as Read More

Gains in income segment drives Access Bank earnings in H1, 2021

September 6, 2021 Segun Odunewu 0

Nigeria’s largest bank by customer base and total assets, Access Bank plc recorded significant growth in its earnings in the first six months of 2021 via the bank’s core income segment. According to its financial statements for the period under review, improvements in the bank’s funded business have continued to outperform its counterparts and deviate from the pattern recorded in Read More

Sterling Bank reports N5.7bn PAT in 1H

August 10, 2021 Ayoni M. Agbabiaka 0

Sterling Bank Plc , has reported a profit after tax (PAT) of N5.691 billion for the first half of 2021. This represents an increase of 5.097 per cent compared with N5.415 billion recorded in the corresponding period of last year. The bank also reported gross earnings of N68.609 billion within the period under review against N66.541 billion recorded in the Read More

Unity Bank pre-tax profit grows by 34%

August 1, 2021 Amaka Ifeakandu 0

Unity Bank Plc has declared half-year financial result for the period ended June 30, 2021, posting gross earnings of N23.6 billion. The amount represents an increase of three percent compared with the corresponding period of 2020. A review of the bank’s unaudited half year financial result released at the Nigerian Exchange (NGX), the Agric-focused bank showed notable improvement across key Read More

Unity Bank eyes N10.890bn gross earnings in 3Q

June 13, 2021 Unity Bank 0

Unity Bank has projected N10.890 billion gross earnings for the third quarter financial year ending September 30, 2021. In its forecast for the third quarter 2021 submitted at the Nigerian Exchange, the bank said that its interest income and interest expenses expected to stand at N7.204 billion and N5.351 billion respectively. The bank also planned to increase net revenue from Read More

Fidelity Bank grows profit by 53% in 3 months

April 29, 2021 Blueprint 0

Under the new leadership of Nneka Onyeali-Ikpe as MD/CEO, Fidelity Bank Plc profits before tax in the first 3 months of 2021 grew by 53.9 per cent from N6.6 billion in 2020 to N10.1 billion for the corresponding period of March 31, 2021. Onyeali-Ikpe assumed the leadership of the bank in January 2021 following the retirement of Nnamdi Okonkwo in Read More

Ecobank declares N40.3bn PBT in Q1

April 27, 2021 Amaka Ifeakandu 0

Ecobank Transnational Incorporated (ETI) has released its first quarter financial results for the period ended March 31st, 2021 showing remarkable performance in all the key financial indices. The Pan African bank recorded a profit Before Tax (PBT) of N40.3 billion, representing 22 per cent increase over the N33 billion reported at the same time in 2020. Profit After Tax (PAT) Read More

Unity Bank  records N42.71bn gross earnings in 2020

April 20, 2021 Amaka Ifeakandu, 0

Unity Bank Plc has grew its assets base to N492.02 billion at the end of the 2020 financial year.The amount  represent a significant increase of 67.90 per cent from  N293.05 billion total assetsvalue recorded in 2019. This is even as the agric-focused bank recorded gross earnings of N42.71 billion within theperiod under review against N44.59 billion achieved in the preceding Read More

Breaking: Jaiz Bank sees 2020 profit increase by more than 45%

April 7, 2021 Benjamin Umuteme 0

Jaiz Bank Plc, the premier non-interest Bank in Nigeria has declared a profit before Tax of N3.07 billion for 2020 financial year, a 45.31% increase over N2.11 billion recorded in the previous year. Gross Earnings from the Report and Accounts for the year ended December 31, 2020 showed a 33.29% growth from N14.71 billion in 2019 to N19.6 billion in Read More