Banking

Diamond Bank Declares N5.6bn Profit In Q1

ABUJA, (Sundiata Finance) – Diamond Bank has showcased focused and strong determination to continue to strengthen growth in key financial parameters as it posted profit before tax of N5.6 billion in the first quarter ended March 31, 2017. Analysis of the bank’s performance scorecard for the first three months of the business year made to the investing public on the ...

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Jaiz Bank Reports N204m Profit In Q1

By Nse Anthony-UKO ABUJA, (Sundiata Finance) – Jaiz Bank Plc, on Wednesday declared a profit after tax (PAT) of N203.679 million for the first quarter ended March 31, 2017. The result which was released on the Nigerian Stock Exchange (NSE), represents an increase of 175.83 per cent  compared with N73.841 million recorded in the previous year. The performance of the bank ...

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Wema Bank Targets 80% Cost-to-income Ratio By 2017

LAGOS, (Sundiata Finance) – The Chief Finance Officer of Wema Bank Plc, Tunde Mabawonku, has said the financial institution is targeting 80 per cent cost-to-income (CIR) ratio by the end of 2017. Mabawonku said the bank plans by the management at reducing its CIR explained that the lender has put in place a series of activities to get down its ...

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Zenith, Access, UBA, GTB, ETI Account For 69.8% Banks’ Total Assets

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – Five banks in the country, namely Zenith Bank, Access Bank, United Bank for Africa Plc, Ecobank Transnational Incorporated, parent company of Ecobank Nigeria and Guaranty Trust Bank Plc, account for 69.8 per cent of the total banking industry assets in 2016, latest findings have shown. These five banks, along with three others namely ...

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