November 18, 2024/Cordros Report The financial performance of Guaranty Trust Holding Company Plc (GTCO) in 9M-24 was impressive, with the HoldCo’s earnings crossing NGN1.00 trillion mark. The performance was driven by the strong growth across the group’s core and non-core income lines, reflective of the high interest rate environment and […]
Results & Dividends
FBN Holdings Plc 9M-24: Solid Funded and Non-Funded Income to Sustain Topline Growth
November 18, 2024/Cordros Report In this report, we update our views on FBN Holdings Plc (FBNH). FBNH reported a 125.1% y/y surge in EPS in their recently released 9M-24 financials, driven by substantial increases across the group’s core (+164.6% y/y) and non-core (+82.4% y/y) income lines. The significant growth in […]
Access Holdings Plc 9M-24: Sturdy Asset Portfolio Fuels Topline Growth
November 18, 2024/Cordros Report Access Holdings Plc continues to leverage the HoldCo’s robust asset base (NGN41.10 trillion) to deliver sturdy income growth across contributory lines. In 9M-2024, the group’s interest income surged by 128.7% y/y to NGN2.40 trillion, marking the largest print across the sector. The stellar growth in the […]
