June 4, 2023/Unity Bank Plc Nigeria’s retail lender Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended Dec 2022, even as its gross earnings rose by 13.1% to N57 billion from N50.2 billion in the corresponding period of 2021. The Bank […]
Results & Dividends
FBN HOLDINGS Plc FY 2022 Initial Impression: Higher Cost Subdue Bottom-line
June 2, 2023/InvestmentOne Report Gross revenue of N805.13billion, up 37.13%q/q, up 6.32%y/y. Net interest income of N363.25billion, up 17.69%q/q, up 59.15%y/y. Profit before tax of N157.90billion, up 31.79%q/q, down 5.26%y/y. Profit after tax of N136.31billion, up 29.80%q/q, down 9.86%y/y. The long-awaited FY 2022 financial result for FBN Holdings was […]
FBN Holdings Plc FY 2022: Strong Growth in Interest Income
June 2, 2023/CSL Research After a long wait, FBNH finally released FY 2022 audited numbers. Interest Income was up 49.6% y/y and 11% ahead of our forecast, driven by growth in Interest Income on Loans and advances due to an improvement in earnings yield. Net Loans to customers were up […]
