Banking Industry

Nigeria’s banks through the Standing Deposit Facility (SDF) have deposited N2.13 trillion with the Central Bank of Nigeria (CBN) amid excess liquidity in the financial sector and the removal of the cap on the remunerative policy. An SDF…

Sterling Bank Plc expects to achieve a stronger earnings performance in the second half when it hopes to rake in close to N13 billion in after-tax profit, compared to N8 billion at the half year. That will constitute more than 61 per cent…

Zenith Bank Plc is seeing a slowdown in after-tax profit growth for the second year at 5 per cent to N111.4 billion at half year ended June 2022. This is the slowest profit growth record for the bank in many years, slowing down further from…

FBN Holdings Plc has made a strong starting for the 2022 financial year with profit jumping 107 per cent year-on-year to N32 billion in the first quarter. This is sustaining a top record growth of 70 per cent in net profit to roughly…

Zenith Bank Plc has charged off N240 billion in credit loss expenses in five years to 2021 and loan losses are yet speeding up for the fourth straight year in 2022. Credit impairment expenses accelerated from a major increase of 50 per…

Wema Bank more than doubled after-tax profit to over N2.8 billion at the end of the first quarter following strong growth in revenue and an improvement in profit margin. An impressive first-quarter earnings result seems to set the pace…

Zenith Bank Plc has announced gross earnings of N191.5 billion in its unaudited results for the first quarter ended 31st March 2022, representing a 22 per cent growth over N157.3 billion reported in Q1 2021. From the unaudited…

By UMORU ABDULKADIR Zenith Bank on Friday August 23, 2019 notified the investing public that its Board of Directors of Zenith Bank Plc has approved the appointment of Mr. Henry Oroh as Executive Director of the bank. The appointment…

MICHAEL MOSES Wema Bank broke free from its slow but stable pace in operations last year and engaged a new growth momentum that delivered a 47.5 percent advance in after tax profit in 2018. The new growth momentum is still in motion in the…

By Micheal Moses Post merger operations of Access Bank show new strengths in critical areas, recharging further the enhanced operating momentum gained last year. It has emerged a carrier of the largest earning assets in the…