Tag
CAPITAL ADEQUACY RATIO
Bank credit to the Nigerian private sector rose to N36.37 trillion as of March 2022, representing N1.18 trillion net new loans to the real sector in Q1 2022.
The outbreak of COVID-19 and the sharp downturn in crude oil prices have continued to stoke fears of a further devaluation in the Naira.
The bank reported a profit after tax of N28.5 billion for the year well ahead of tier 2 banks like Sterling Bank, FCMB and Union Bank Plc
Guaranty's Q1 2020 unaudited numbers showed a 3.4% y/y growth in Interest Income, Interest Expense, on the other hand, declined significantly.
Nigerian Banks may have no choice but to raise significant equity in 2020.
FBNH released FY 2019 audited numbers which showed an increase in Pre-tax profit to N83.6 billion compared to N73.6 billion reported in its earlier released unaudited numbers.