Results & Dividends

Zenith Bank Q3 2020: Stable Earnings despite jump in Credit Losses.

November 30, 2020/InvestmentOne Report ·         Net interest income of N67.77billion, down 10.72%q/q , 6.02%y/y      ·         Non-interest income of 57.00billion, down 18.39%q/q, up 21.21%y/y. ·         Profit before tax of N63.16billion, up 14.14%q/q, down 2.09% y/y. ·         Profit after tax of N55.49billion, up 4.11%q/q, down 10.27%y/y.. Lower OPEX and Credit losses […]

GTBank Q3 2020 Results: Jump in Credit Losses Drags Earnings

November 30, 2020/InvestmentOne Report   ·         Net interest income of N62.12billion, down 1.91%q/q , up 14.98%y/y      ·         Non-interest income of 30.30billion, down 14.90%q/q, up 4.59%y/y. ·         Profit before tax of N57.64billion, up 11.90%q/q, 9.38% y/y. ·         Profit after tax of N48.01billion, up 8.62%q/q, 5.09%y/y.. Lower Impairment Supports q/q performance […]

Access Bank Q3 2020 Results: Strong Performance despite weak macroeconomic condition

November 30, 2020/InvestmentOne Report ·         Net interest income of N70.07billion, up 29.77%q/q , 27.23%y/y      ·         Non-interest income of N62.61billion, down 4.95%q/q, up 23.75%y/y. ·         Profit before tax of N42.32billion, up 51.06%q/q, 52.01% y/y. ·         Profit after tax of N41.27billion, up 105.24%q/q, 55.34%y/y.. Higher earnings as NII improves Access Bank […]