Culled—Proshare August 25, 2017/Vetiva Research · Gross Earnings up 35% y/y – 16% ahead of our estimate · Strong FX trading income masks high costs, PAT 10% ahead of estimate · We maintain our 8% loan growth forecast, Ytd 4% · Board declares interim dividend of N0.20 per share – […]
Results & Dividends
UBA Impressive Performance Despite Opex Pressure, PBT, PAT Expanded 42.86%, 29.79% Y/Y
August 24, 2017/Cordros Research Click here to download full PDF Report This afternoon, United Bank for Africa Plc (UBA) released audited H1 2017 results, wherein gross earnings grew 34.51% y/y, driven by significant growth across income lines – interest income (+44.25%, in line with our estimate) and non-interest revenue (+16.01% […]
Access Bank H1-2017 – FY-2017 PAT Forecast Trimmed but Target Price Raised
Culled—Proshare August 24, 2017/Elixir Investment Research Access Bank recently released its H1-2017 earnings which showed solid profit growth despite continued contraction of key risk assets and liability books in Q2. We noted in the Q1 equity report that a revision of balance sheet forecasts will be necessary if we do […]
