April 26, 2022/CSL Research GTCO’s Q1 2022 unaudited numbers showed a 17.1%y/y growth in Interest Income to N70.6bn driven by growth in both interest income on Loans and yields on fixed income instruments. Net Loans and advances to Customers grew moderately, up 4.8% y/y (Q1 2022 compared with Q1 2021) […]
Results & Dividends
GTCO Q1-22: Performance Pressured by Efficiency Deterioration
April 27, 2022/Cordros Report Event: GTCO released Q1-2022 earnings after the close of trading yesterday (26th of April), which showed that the bank recorded a growth in the gross earnings, however, the trickle-down to the bottom-line was pressured by a significant increase in operating expenses. Consequently, the bank recorded a […]
United Bank for Africa Plc_Q1 2022: Good Start to the Year
April 27, 2022/CSL Research UBA’s Q1 2022 unaudited numbers showed a moderate 15.2% y/y growth in Interest Income to N125.1bn driven mainly by a significant growth in Interest Income on bonds (up 73.4% y/y). Interest Expense on the other hand was up 17.5% y/y on the back of a 61.5% […]
