Results & Dividends

ETI Report Says Q4 2020 Profit Plunges -66% to N34 Billion

By InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) said on Tuesday its profit for the fourth quarter (Q4) period ended December 31, 2020  plunged 66.1 percent to N33.74 Billion from N99.46 billion recorded a year ago. Profit before tax (PBT) of the bank also declined -54.6 percent to N66.59 […]

Guaranty Trust Bank Q4/FY 2020: FX Revaluation Gain Supports Earnings

March 23, 2021/InvestmentOne Report   ·         Net interest income of N63.93billion, up 2.91%q/q , 9.42%y/y            ·         Non-interest income of 52.76billion, up 74.15%q/q, 41.63%y/y.   ·         Profit before tax of N70.74billion, up 22.74%q/q, 14.01% y/y.   ·         Profit after tax of N59.16billion, up 23.21%y/y, 16.29%y/y.   FX Revaluation Gain […]

Union Bank Says 2020 Profit Drops -6.1% to N18.7 Billion, Offers 25 Kobo Final Dividend

By Paschal IJEH InvestAdvocate Lagos (INVESTADVOCATE)-Union Bank of Nigeria Plc (UBN) on Friday said its post-tax profit for the period ended December 31, 2020 declined 6.1 percent to N18.67 billion from N19.87 billion posted a year ago. Pretax profit of the lender, also dropped 4.1 percent to N19.51 billion from […]