Results & Dividends

UBA FY 2023: Operating Performance, Windfall Gains Drive Strong Profit Growth

April 10, 2024/CSL Research UBA’s FY 2023 audited numbers showed a strong 93.0% y/y growth in Interest Income to N1.1tn driven mainly by growth in Interest Income on Investment Securities, loans and on cash and bank balances. Net Loans to customers grew 66.7% in 2023 compared to December 2022, inclusive […]

Zenith Bank FY2023: Sturdy Interest Income Growth, Trading & FX Revaluation Gains Boost Profit

April 9, 2024/CSL Research Zenith Bank’s FY 2023 audited numbers showed a strong 111.9% y/y growth in Interest Income driven by growth in Interest Income on both Net Loans and Investment Securities. Net Loans to Customers grew 63.4% in 2023 full year compared with FY 2022 inclusive of the impact […]

GTCO FY2023: Profit in Line with Expectation

April 9, 2024/CSL Research GTCO’s FY 2023 audited numbers showed a 69.3%y/y growth in Interest Income to N550.8bn driven by growth in both average volume of earning assets and average yield. Net Loans and advances to Customers grew 31.5% in FY 2023 relative to FY 2022 (inclusive of the impact […]