Results & Dividends

United Bank for Africa Q1 2020 Results: Decent Performance in a Weak Macroeconomic environment

May 11, 2020/InvestmentOne Report     Net interest income of N65.42billion, up 3.9%q/q , up 12.6%y/y       ·         Non-interest income of N28.53billion, up 64.5%q/q, up 11.3%y/y. ·         Profit before tax of N32.73billion, up 150.7%q/q, up 8.5% y/y. ·         Profit after tax of N30.10billion, up 303,4%y/y, up 5.0%y/y.  Non-interest Income Supports q/q […]

Sterling Bank grows net trading income by 126.2% in Q1’20

May 11, 2020/Sterling Bank Plc Sterling Bank Plc, a full service national commercial bank, has reported a net operating income of N18.779 billion during its first quarter ended March 31, 2020 compared with N18.565 billion during the corresponding period of 2019, representing an increase of 1.2 percent. This was disclosed […]

Zenith Bank Plc Q1 2020 Results: Weak Performance but still resilient despite gloomy outlook.

May 11, 2020/InvestmentOne Report Net interest income of N81.50billion, up 33.3%q/q , down -5.4%y/y             ·         Non-interest income of N46.64billion, down -39.9%q/q , up 42.8%y/y. ·         Profit before tax of N58.79billion, down -12.4%q/q , up 2.6% y/y. ·         Profit after tax of N50.53billion, down -13.1%y/y , up 0.6%y/y.  Weak Non-interest […]