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Home Companies Company News

Magic?? Mainstreet Bank Declared N24.1Billion Profit Before Tax (7th Best In 2012 FY)

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 19, 2013
in Company News
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Main Street Bank Limited, one of the nationalised banks, has declared a profit before tax of N24.1bn in its group financial performance for the year ended December 31, 2012.

A statement by the bank on Tuesday said the declared result showed a marked improvement in all key financial indices, especially given the bank’s loss position of N4.4bn within the five-month period it operated as at December 2011.

The figures from the result also showed that the bank grew its gross earnings to N47.9bn within the period under review.

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Tags: News Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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