August 16, 2017/InvestmentOne Research

Please find key highlights of the Q2 2017 results below:

·         Net interest income of N63.4bn, down -4.1% q/q; up +65.5% y/y

·         Profit before tax of N50.7bn, up +0.6% q/q; down -16.5% y/y

·         Profit after tax of N42.2bn, up +1.7% q/q; down -18.6% y/y

The bank proposed an interim dividend of 30kobo per share, representing a dividend yield of c.0.80% based on today’s close price.

Please click to download a copy of the financial statements