August 21, 2019/InvestmentOne Update ·         Net interest income of N56.4billion, down 34.5% q/q; down 7.4% y/y ·         Non-interest income of N77.1billion, up 136% q/q, up 17.3% y/y ·         Profit before tax of N54.4billion, down 5.1% q/q; up 4.0% y/y ·         Profit after tax of N38.6billion, down 23.1% q/q; up 8.7 […]

August 19, 2019/InvestmentOne Report ·         Non-interest income of N36.1billion, up 2.2% q/q, up 12.7% y/y ·         Profit before tax of N58.8billion, up 3.2% q/q; up 5.6% y/y ·         Profit after tax of N49.8billion, flat q/q; up 3.7 y/y  GT bank released its financial scorecard last week Friday and posted a […]

August 19, 2019/Cordros Report Zenith Bank Plc.’s audited H1-19 result was recently released and was in line with our expectations, as non-funded income growth and operational efficiency drove profit expansion. Gross earnings growth was tepid, expanding moderately by 2.9% y/y, as non-funded income growth provided the only support. This led […]