November 1, 2021/CSL Research NIR growth support Q3 numbers Access Bank’s 9M 2021 numbers showed a 25.5% y/y growth in Interest Income. Average yield on the bank’s assets ticked up to 9.9% in 9M 2021, from 9.7% in 9M 2020. Net Loans were up 16.4% in 9M 2021 compared with December […]
Results & Dividends
Zenith Bank Plc 9M 2021: Strong Fee Growth Supports 9M Numbers
November 1, 2021/CSL Research Zenith Bank’s 9M 2021 unaudited results showed a 3.1% y/y decline in Interest Income. Q/q however, Interest Income grew marginally, up 2.1% in Q3 2021 relative to Q2 2021. The y/y decline was mainly due to steep declines in interest on Placement with banks/discount houses, treasury bills […]
Ardova Plc Q3-21: Higher Costs and Weaker Margins Undermines Profitability
November 1, 2021/Cordros Report ARDOVA published Q3-21 results after market close on Friday (October 29), reporting a Loss Per Share of NGN0.41 (vs EPS of NGN0.67 in Q3-20) on higher costs and weaker margins. On an annualized basis, the company’s 9M-21 EPS is 11.2% below 2020FY EPS of NGN1.42 and […]
