April 24, 2020/InvestmentOne Report Net interest income of N64.28billion, up 10.02%q/q , 10.42%y/y      ·         Non-interest income of 35.83billion, down 3.83% q/q, 0.04%y/y. ·         Profit before tax of N58.20billion, down 6.20%q/q, up 1.17% y/y. ·         Profit after tax of N50.07billion, down 1.58%y/y, up 0.43%y/y.   Jump in OPEX Drags Earnings […]

Culled—Proshare April 24, 2020 by CardinalStone Research Ecobank Transnational Incorporated (ETI) recorded a 19.0% YoY decrease in earnings to $66.0 million in its unaudited Q1’20 result. The decline in earnings largely reflected a 67.0% fall in loan recoveries in the review period. Similarly, lower loan recoveries impacted net impairment losses on […]

April 24, 2020/Cordros Report ACCESS released Q1-20 earnings yesterday evening, which revealed that the bank recorded a marginal decline in profitability. While both interest income and non-interest income growth in the period were positive, a substantial FX revaluation loss recorded pressured the trickle-down to the bottom-line. Also, the growth in […]