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 […]

September 10, 2020/United Capital Report Earlier, Zenith Bank Plc (“ZENITH”) released its H1-2020 audited results, which showed a 4.4%y/y growth in Gross Earnings (GE) to N346.1bn. Also, PBT and PAT rose 2.2% and 16.5% to N114.2bn and N103.8bn while Loans as well as Deposits expanded by over 15.0% apiece to N3.5tn […]