By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s mid tier lender, Skye Bank Plc said its first quarter (Q1) 2015 pretax profit climbed up 81 percent to N6.26 billion from N3.45 billion recorded the same period of 2014.

Similarly, profit after tax (PAT) also grew 90 percent to N5.23 billion from N2.75 billion reported a year earlier.

Gross earnings of Skye Bank also increased to N42.37 billion from N34.33 billion recorded a year earlier, the bank said in a filing with the Nigerian Stock Exchange (NSE).

According to the mid-tier lender, its investment and other operating income grew by 64 percent, while interest income increased by 13 percent to lead the bank to an improved earnings in the review period.