April 24, 2017/Cordros Research Click here to download full PDF Report In our view, NB’s reported Q1-17 result impressed on two main fronts: (1) 18% y/y revenue growth and (2) 255 bps q/q expansion of gross margin. Both were ahead of Cordros’ (+3% y/y and +38 bps q/q respectively) and […]

April 24, 2017/InvestmentOne Research Stanbic released its Q1 2017 results earlier today. Please find key highlights of the Q1 2017 results below: ·         Net interest income of N18.9bn, up +0.6% q/q; +79.0% y/y ·         Profit before tax of N18.6bn, up +61.7% q/q; +81.8% y/y ·         Profit after tax of N16.1bn, […]

Culled—Proshare April 24, 2017/ FBNQuest Research Event: Stanbic IBTC Holdings reports Q1 2017 results Implications: Positive reaction by the market likely Positives: Strong double-digit y/y growth on both revenue lines Negatives: NPL ratio doubled between December 2016 and March 2017 (NPL ratio at 10.5%) Stanbic IBTC’s Q1 2017 results which were released this […]