September 6, 2019/Cordros Report Access Bank PLC recently released audited H1-19 numbers. The result was impressive as the bank recorded strong growth in both gross earnings and profitability. The strong performance was underpinned by funded income growth, with non-funded income underperforming the prior year. Consequently, the bank recorded a strong […]

September 5, 2019/Coronation Research Fidelity Bank released audited H1 2019 results on Friday. Net profits were up 15.6% y/y to N13.7bn (US$38.1m). Net interest income was reported down 3.0% y/y at N36.9bn (US$102.5m) despite gross loan growth of 15.8% y/y. Net fee and commission income was up 30.9% from the […]

Culled—Proshare September 4, 2019/Meristem Research Interest and Non-Interest Income Spur Gross Earnings Growth Fidelity bank Plc. recorded a decent half-year financial performance with growth in its gross earnings (+12.31%) to NGN103.66bn, owing to growth in interest income +7.22%) and noninterest income (+6.31%). Although the yield on earning assets (-1.50%) was […]