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Sterling Bank Plc Posts N55billion Profit

Sterling Bank Plc Posts N55billion Profit

Sterling Bank Plc posted modest growths in the first half with 12 per cent growth in the top-line and 6.9 per cent increase in net profit. Key extracts of the interim report and accounts for the half year ended June 30, 2015 released on Thursday, January 7, at the Nigerian Stock Exchange (NSE) showed steady […]

Banking Records, N853.8billion Loss In 2015

Banking Records, N853.8billion Loss In 2015

Banking stocks were hit badly in 2015 as 13 banking and three bank affiliate stocks record huge decline of N853.820 billion in their share prices. The woe in banking and bank affiliate stocks reduced their stock prices drastically during the review period of 2015. The loss recorded in 13 bank stocks during the year under […]

Fidelity Bank Makes Profit Of N11.4bn In Q3

Fidelity Bank Makes Profit Of N11.4bn In Q3

Fidelity Bank Plc made a profit after tax of N11.4bn in the nine months ended September 30, 2015, the lender’s results for the period showed. The figure represents a 1.8 per cent increase on the N11.2bn PAT it made in the corresponding period of 2014. In the review period, the bank grew its gross earnings […]

Sterling Bank Earns N82bn In Q3 2015

Sterling Bank Earns N82bn In Q3 2015

Sterling Bank Plc has released its interim earnings report for the third quarter, showing steady growth in the top-line and bottom-line. The nine-month report for the period ended September 30, 2015 showed that the commercial bank remained consistent in its growth strategy against macroeconomic and industry headwinds with gross earnings and net income rising by […]

Diamond Bank Q3 Profit Drops To N15.967bn

Diamond Bank Q3 Profit Drops To N15.967bn

The unaudited results of Diamond Bank Plc for the nine months ended September 30, 2015, showed that the bank’s profit after tax fell to N15.967 billion as against the N20.180 billion recorded in the comparable period of 2014. The financial institution’s profit before tax also dipped to N18.595 billion as at the end of September, […]

Sterling Bank Reports Gross Earnings Of N82bn For Q3

Sterling Bank Reports Gross Earnings Of N82bn For Q3

Sterling Bank Plc has reported a gross earnings of N82billion in its financials for the third quarter of the year. The nine-month report which ended last September showed that the bank remained consistent in its growth strategy against macroeconomic and industry headwinds with gross earnings and net income rising by 12 per cent and 6.9 […]

N129bn Gross Earnings Recorded By Skye Bank In Q3

N129bn Gross Earnings Recorded By Skye Bank In Q3

Skye Bank Plc has announced gross earnings of N129.24 billion for the third quarter ended September 30, 2015. This represented an increase of 33.06 per cent over the N97.13 billion recorded during the corresponding period in 2014. The bank’s unaudited result submitted on the floor of the Nigeria Stock Exchange yesterday showed that its fees […]

NSIA; Funds & Assets Intact

NSIA; Funds & Assets Intact

The Nigeria Sovereign Investment Authority has said all funds and assets managed by it are intact and fully accounted for as detailed in its audited financial statement for the year ended 2014. The organisation, which manages the country’s Sovereign Wealth Fund, said in a statement on Sunday that funds in its custody had been invested […]

Fidelity Bank Post It’s Half Year Result

Fidelity Bank Post It’s Half Year Result

The Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, last weekend revealed that bank operating income leaped by 14.1% to N42 billion from N36.8 billion in half year result (HYR1) of 2014. He said: “ By the first half (HYR1) of this year we have consolidated on the performance momentum of 2014 by recording a modest growth in […]

High Expectation For TSA

High Expectation For TSA

First of all, you have got liquidity surplus in the banking industry; … there is over N1.3tn or so sitting in banks and belonging to government agencies. Now basically, they (these funds) are at zero percent interest and the banks are lending about N2tn to the government and charging 13 to 14%!   Now, that is […]

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