—–Structure and earning capacity of balance sheet remains strong and resilient—–Growth in transaction income buoyed by growth in transaction volume September 9, 2021/jspcommunicaytions Guaranty Trust Bank Plc (“GTBank” or “the Group”), now Guaranty Trust Holding Company Plc, has released its audited financial results for the period ended June 30, 2021, […]
Results & Dividends
Access Bank Q2 2021 Results Review: Maintaining Outperform Rating
September 8, 2021/Proshare by FBNQuest Research 5% upward revision to our price target Access Bank’s PBT of NGN37bn was in line with our forecast. However, net income missed primarily because of a negative surprise in other comprehensive income (OCI) as a result of fair value adjustments on bonds classified as […]
Stanbic IBTC HI 2021: Marginal recovery in Q2. Y/y numbers down on reduced Trading Revenue
September 7, 2021/CSL Research Stanbic H1 2021 AUDITED numbers showed a 19.8y/y decrease in Interest Income to N44.2bn but Interest Income was up 10.5% q/q. The q/q growth was due to an increase in customer loans and an uptick in yields within the quarter. Net Loans to customers were up […]
