Union Bank of Nigeria Plc has recorded a 33 per cent rise in its gross earnings for the financial year ended December 31, 2012. Its full year results, released to the Nigerian Stock Exchange on Monday, showed that gross earnings rose to N112.8bn. The bank’s profit before tax stood at […]
Author: InvestAdvocate
Nigerian banks increase lending to private sector
Indications have emerged that Deposit Money Banks have increased their appetite for lending to the private sector. The banks have led the way in Africa’s syndicated loan market so far this year, with more than $10bn of deals signed in the market. For instance, MTN Nigeria last week agreed to […]
Deutsche Bank to Raise as Much as $6.3 Billion
Deutsche Bank AG (DBK), continental Europe’s biggest bank, will raise as much as 4.8 billion euros ($6.3 billion) to increase capital as first-quarter profit climbed. The company will issue 2.8 billion euros in stock, or as many as 90 million new shares, with full dividend entitlement for 2012, […]
