August 29, 2017/Cordros Research In its recently released H1-17 results, UBA recorded a significant growth in gross earnings (+34.51% y/y), driven by impressive growth across income lines – interest income (+44.25%) and non-interest revenue (+16.01%). Over H2, we believe the improved yields on interest earning assets (expanded 205 bps to […]
Results & Dividends
Stanbic IBTC Announces Delay in Release of H1’17 Result
28/8/2017/NSE This is to inform The Nigerian Stock Exchange as well as our Esteemed Stakeholders that we are experiencing a slight delay in the release of the 2017 Half Year Audited Financial Statements for Stanbic IBTC Holdings PLC (“Stanbic IBTC”). This delay is occasioned by the fact that we are […]
UBA H1’17: Stringent cost management and gains from FX boost PBT
August 28, 2017/InvestmentOne Research UBA released its Q2 2017 results on Thursday, which showed a +25.9% q/q jump in PBT to N32.1bn, its highest quarterly performance over the last three years. Furthermore, PBT was +21.7% higher than our estimates largely due to the non-interest income performance. The bank’s jump in […]
