Tag Archives: banks’income

Banks’ Loan Growth Slows On High Risk Environment

(Sundiata Finance) – Banks’ loan growth has slowed in the second quarter as macroeconomic uncertainties weaken lending to key sectors of the economy. The cumulative total loans and advances to customers of the 12 lenders that have released Half Year 2017 results dipped by 1.0 per cent to N13.37 trillion in June 2017. This compares to the half year period ...

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Higher Interest Rates Raise Banks’ Income Amid Shrinking Loan Book

(Sundiata Finance) –Nigerian Banks have seen interest income spike on the back of increased interest on loan book and investment securities, despite slow growth in loans and advances and deposits. Analysts also attribute the growth in revenue to repricing, on the back of a high interest rate environment which resulted in increased yield on assets. The banks have dollar denominated ...

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