December 1, 2020/Proshare by FBNQuest Research 3% cut to our 2020-21E EPS forecasts GTBank’s (GTB) Q3’20 results were in-line. As such, the mid- single-digit PBT growth delivered by the bank underscores its intent to restructure into a holding company (Holdco), flexible enough to allow it pursue opportunities in other fast-growing […]

November 30, 2020/InvestmentOne Report ·         Net interest income of N67.77billion, down 10.72%q/q , 6.02%y/y      ·         Non-interest income of 57.00billion, down 18.39%q/q, up 21.21%y/y. ·         Profit before tax of N63.16billion, up 14.14%q/q, down 2.09% y/y. ·         Profit after tax of N55.49billion, up 4.11%q/q, down 10.27%y/y.. Lower OPEX and Credit losses […]

November 30, 2020/InvestmentOne Report   ·         Net interest income of N62.12billion, down 1.91%q/q , up 14.98%y/y      ·         Non-interest income of 30.30billion, down 14.90%q/q, up 4.59%y/y. ·         Profit before tax of N57.64billion, up 11.90%q/q, 9.38% y/y. ·         Profit after tax of N48.01billion, up 8.62%q/q, 5.09%y/y.. Lower Impairment Supports q/q performance […]