Updates

Guaranty Trust Bank Plc: HY’16 Non-Interest Income Spurs Massive Outperformance

August 17, 2016/Cordros Research Guaranty Trust Bank Plc (GUARANTY) just released its HY’16 earnings report. Annualized earnings per share was N5.48 (HY’15: N3.76), significantly higher than both consensus and our estimates of N3.58 and N3.67 respectively. The bank also declared an interim dividend of N0.25 (HY’15: N0.25) with a closure […]

Ecobank Shines At Asian Banker’s Awards as Akinwuntan wins Best Retail Banker in Africa award

August 17, 2016/Ecobank Ecobank has won Customer Relationship Management of the Year, Retail Risk Management Initiative of the Year and Best Business Model Execution in West Africa for 2016 at The Asian Banker’s 1st Annual West Africa Awards Ceremony held in Lagos recently. The Best Retail Banker in Africa award […]

The Euro Area Workforce is Aging, Costing Growth

Culled—iMFdirect By Shekhar Aiyar, Christian Ebeke, and Xiaobo Shao In parallel to the aging of the general population, the workforce in the euro area is also growing older. This could cause productivity growth to decline in the years ahead, raising another policy challenge for governments already dealing with legacies from […]