Nigeria’s Diamond Bank said it expects to make a pretax profit of 35 billion naira ($219 mln) in 2013, up from 27.5 billion naira last year. Chief Executive Alex Otti said the bank expects to make a 20 percent return on equity in 2013. He added that the lender was […]
Tag: Profit
Fitch: Nigerian banks are unlikely to repeat 2012 profit highs
(The following statement was released by the rating agency) Nigerian banks are unlikely to see a repeat of their robust 2012 profits because of increasing pressure on earnings, Fitch Ratings says. Tougher regulations together with higher funding costs are likely to constrain profitability over the next 18 months. The central […]
Keystone Bank targets 15% loan book growth in 2013
Press Release The management of Keystone Bank Limited, at the weekend, projected a modest 15 per cent growth in loan book this financial year. The bank also intends to improve in other key financial indicators such as profit and balance sheet. Addressing newsmen in Lagos, chief executive of the bank, […]
