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 – […]
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Nigeria bond auction raises 56 bln naira, less than half of amount on offer-traders
24/8/2017/Reuters Nigeria raised 56.05 billion naira ($179 million) in a bond auction on Wednesday, less than half the amount on offer as domestic pension funds and insurance firms cut orders due to low yields, traders said on Thursday. The Debt Management Office (DMO) offered 135 billion naira worth of bonds […]
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% […]
