September 12, 2020/InvestmentOne Report  ·         Net interest income of N53.99billion, down 25.23%q/q , down 45.08%y/y    ·         Non-interest income of N65.87billion, down 9.74%q/q, up from N364million in Q2 2019. ·         Profit before tax of N28.01billion, down 39.49%q/q, up 0.54% y/y. ·         Profit after tax of N20.11billion, down 50.88%y/y, down 2.99%y/y. […]

September 11, 2020/United Capital Report Consolidating gains from derivative assets  Access Bank Plc (“ACCESS” or “The Bank”) released its H1-2020 results earlier, showing a 22.3%y/y growth in Gross Earnings (GE) to N396.8bn. However, PBT and PAT growth were muted, +1.8% and -1.4% to N74.3bn and N61.0bn, respectively. Loans and Deposits […]

Culled—Proshare September 10, 2020 by FBNQuest Research 7% increase to our price target Zenith Bank’s Q2 2020 PBT missed our forecast because of a negative surprise in loan loss provisions which overshadowed positive surprises in funding and non-interest income. Similar to banks that have reported their Q2 results, Zenith’s impairment […]