April 3, 2017/SunTrust Bank As a sigh of absolute confidence in the Management of the technology-driven new bank; SunTrust Bank, its customers increased deposits in the bank by a whopping 432 per cent, making it possible for the bank to declare an impressive profit before tax of N343 million, an increase of 160.3 […]
Results & Dividends
Wema Bank Says 2016 Pretax Profit up 8.5%
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc said on Monday its pretax profit for the period ended December 31, 2016 jumped 8.5 percent to N3.24 billion from N2.99 billion reported a year ago. Similarly profit after tax (PAT) appreciated by 12.7 percent to N2.56 billion from N2.27 billion […]
FCMB Group Q4 2016 Results Review – Upgrading from Underperform to Neutral on Asset Quality Surprise
Culled—Proshare April 3, 2017/FBNQuest Research Although FCMB’s Q4 2016 results showed that PBT declined by double-digit y/y, the PBT beat our forecast soundly. The variance was due to a significant positive surprise in loan loss provisions which came in -88% lower than our forecast. Following the results, we have reduced […]
