Culled—Proshare April 10, 2017/FBNQuest Research Event: Fidelity Bank reports Q4 2016 results Implications: Market likely to react positively due to significant dividend yield of 16.7% Positives: Marked reduction in loan loss provisions Negatives: Profit before provisions -5% y/y, missed our forecast by 9% Late on Friday of last week, the […]
Results & Dividends
Fidelity Bank Plc Q4 2016 Results: Key Highlights
April 10, 2017/InvestmentOne Research Fidelity Bank released its Q4 2016 results late on Friday. Please find key highlights of the Q4 2016 results below: · Net interest income of N11.4bn, down -39.6% q/q; -43.7% y/y · Profit before tax of N1.2bn, down -65.5% q/q; up +421.7% y/y · Profit after […]
UBA Delights Shareholders; Distributes N27.2bn in Dividends
April 10, 2017/UBA Plc 06-04-2017; The shareholders of the pan-African financial institution, the United Bank for Africa (UBA) Plc applauded the Board, Management and Staff at the 55th Annual General Meeting of the Bank, held in Lagos on Friday April, 7, 2017. UBA shareholders approved the payment of N19.9 billion as […]
