reports
Guaranty Trust Holding Company Plc H1:2024 Earnings Note | Riding on I...
In its recently released audited H1:2024 results, GTCO’s Gross Earnings jumped by 107.04% YoY to NGN1.39trn mainly due to the spike in interest income (+173.47% YoY to NGN617.89bn) and non-interest income (+111.94% YoY to NGN774.30bn), an offshoot of the unrealized fair value gain on financial instruments on its FCY balance sheet. Elsewhere, Operating Expenses increased by 60.70% YoY to NGN201.80bn, following higher personnel expenses and technology-related expenses in the period. Profit Befor...
Zenith Bank Plc H1:2024 Earnings Note | Impressive Performance Riding ...
Impressive Performance Riding on Core & Non-Core Income Zenith Bank Plc published its H1:2024 interim financial results, recording a 120.03% YoY expansion in Gross Earnings to NGN2.05trn. This is on the back of increase in both interest income (+176.69% YoY to NGN1.15trn) and non-interest income (+72.50% YoY to NGN951.94bn) in the period. Meanwhile, Operating Expenses surged 115.30% YoY to NGN472.08bn owing to rising personnel costs and fuel & maintenance. Profit Before Tax (PBT) and Profit Aft...
United Bank For Africa: 1 director
A director at United Bank For Africa maiden bought 1,401,769 shares at 21.850NGN and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the las...
Q1:2024 Earnings Update | GTCo | Performance Bolstered by Fair Value G...
Performance Bolstered by Fair Value Gain Gross Earnings for Q1:2024 advanced 330.37% YoY to NGN680.38bn, primarily bolstered by impressive non-interest income. Elsewhere, Operating Expenses increased by 77.15% YoY to NGN99.45bn following a spike in personnel expenses, communications, technological related & admin expenses and AMCON charges. Profit Before Tax (PBT) and Profit After Tax (PAT) grew by 587.48% YoY and 685.90% YoY to NGN509.35bn and NGN457.13bn respectively. Overall, Net Profit Marg...
Q1:2024 Earnings Update | UBA | Impressive Performance Riding on Core ...
Impressive Performance Riding on Core Banking Income United Bank for Africa Plc. recently released its unaudited Q1:2024 financial result. Gross earnings grew 110.25% YoY to NGN570.16bn following impressive interest and non-interest income growth. Interest Income soared 129.71% YoY to NGN440.76bn while Non-Interest Income grew by 63.17% YoY to NGN129.39bn. On the other side, Operating Expenses advanced 104.05% YoY to NGN218.97bn owing to employee expenses, energy, and maintenance cost. Profit B...
Q1:2024 Earnings Update | ACCESSCORP | Core Banking Income Sets the St...
In its Q1:2024 financial statements, Access Holdings Plc posted a 129.20% and 148.03% YoY growth in Gross earnings and Profit before Tax to NGN974.24bn and NGN202.74bn respectively. The performance was mainly driven by impressive returns on interest income. Interest Income climbed 183.07% YoY to NGN719.60bn while non-Interest revenue grew 39.86% YoY to NGN254.64bn. On the other hand, Operating Expenses rose by 86.46% YoY to NGN279.31bn as personnel expenses, regulatory expenses and IT and e-bu...
2023FY Banking Stock Note | ZENITH | UBA | GTCo | ACCESSCORP
Zenith Bank released the audited Full-year results for 2023, revealing a robust topline performance. Gross Earnings, which exceeded our 2023FY estimates, grew by 125.45% YoY to NGN2.13trn on the wheels of increased interest and non-interest income. For context, Interest Income climbed 111.91% YoY to NGN1.15trn while Non-Interest Income grew significantly by 143.49% YoY to NGN987.08bn. United Bank for Africa Plc. audited Full-year results for 2023 showed an impressive topline and bottom-line per...
Zenith Bank: 1 director
A director at Zenith Bank bought 4,849,576 shares at 35.951NGN and the significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...
- MarketLine Department
FCMB Group Plc - Strategy, SWOT and Corporate Finance Report
Summary FCMB Group Plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights FCMB Group Plc (FCMB) is a provider of banking, retirement, stockbroking, and capital market services through subsidiaries, catering to individuals, commercial customers, corporates, SMEs, high...
H1:2023 UBA Plc Earnings Result | Marked by Increased Fair Value Gain...
UBA’s H1:2023 financial results mirrored the earnings growth across its Tier-1 peers on the back of the FX liberalization policy implemented during the period. Gross earnings increased by 163.66% YoY to NGN981.78bn, largely supported by higher non-interest income (+381.30% YoY to NGN553.48bn). Interest Income remained elevated, growing by 66.57% YoY to NGN428.29bn. On the other side, Operating Expenses advanced 39.82% YoY to NGN226.37bn owing to rising personnel costs and AMCON levy. The group p...
H1:2023 Zenith Bank Plc Earnings Result | FX Revaluation Gains to the ...
Zenith Bank Plc published its H1:2023 interim financial results, recording a 138.51% YoY expansion in Gross Earnings to NGN931.12bn. This is on the wheels of a tremendous increase in non-interest income (+238.47% YoY to NGN551.84bn) in the period. Interest Income also supported growth in Gross Earnings as it grew by 71.86% YoY to NGN415.43bn. Meanwhile, Operating Expenses rose by 22.77% YoY to NGN219.27bn owing to rising personnel costs. Profit Before Tax (PBT) and Profit After Tax (PAT) increas...
H1:2023 GTCO Earnings Result | Remarkable Performance Riding on FX Rev...
In its recently released H1:2023 results, GTCO’s Gross Earnings jumped by 181.08% YoY1 to NGN672.60bn mainly due to the spike in non-interest income (+385.03% YoY to NGN446.66bn), an offshoot of the massive FX revaluation gains recorded in the period. Elsewhere, Operating Expenses increased by 26.26% YoY to NGN125.58bn. Profit Before Tax (PBT) and Profit After Tax (PAT) grew massively by 217.09% YoY and 261.65% YoY each to NGN327.40bn and NGN280.48bn respectively. Overall, Net Profit Margin impr...
- MarketLine Department
Guaranty Trust Bank Ltd - Strategy, SWOT and Corporate Finance Report
Summary Guaranty Trust Bank Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Guaranty Trust Bank Ltd (GTB) is a provider of retail, corporate, and investment banking products and services. The bank's product offerings include a wide range of accounts and deposi...
EQS-News: United Bank for Africa (UBA) Foundation Walks the Talk on Su...
EQS-News: United Bank for Africa Plc (UBA) / Key word(s): Sustainability United Bank for Africa (UBA) Foundation Walks the Talk on Sustainability, Pioneers Commitment to Environment, Africa’s Green Revolution 24.07.2023 / 13:15 CET/CEST The issuer is solely responsible for the content of this announcement. United Bank for Africa (UBA) Foundation Walks the Talk on Sustainability, Pioneers Commitment to Environment, Africa’s Green Revolution Launches 2023 Tree Planting Campaign UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) ...
ZENITH BANK PLC Q1:2023 Earnings Result | Loan Expansion Amid Repricin...
Gross earnings rose 40.97% YoY to NGN269.99bn (slightly exceeding our expectation at about 27% of our 2023FY estimates) on the wheels of increased interest and non-interest income. Interest Income climbed 51.63% YoY to NGN191.63bn while Non-Interest Income grew by 20.30% YoY to NGN78.36bn. On the other hand, Operating Expenses rose 19.50% YoY to NGN99.21bn owing to rising energy costs and regulatory costs. Consequently, Net Profit Margin slipped by 5.94% to 24.45% in the period. Profit Before T...
GTCO Q1:2023 Earnings Result | Performance Bolstered by Robust Interes...
The recently released Q1:2023 results for the Group reflected Gross Earnings advanced 32.19% YoY to NGN158.09bn due to growth in interest and non-interest income. This slightly exceeds our estimates and represents 28% of our forecasted full-year earnings of NGN569.57bn. Elsewhere, Operating Expenses grew 16.75% YoY to NGN56.37bn following a spike in AMCON charges and administrative expenses. Profit Before Tax (PBT) and Profit After Tax (PAT) grew by 36.48% YoY and 34.62% YoY to NGN74.09bn and NG...
Access Holdings Plc Q1:2023 Earnings Result | Asset Expansion Improves...
In its Q1:2023 financial statements, released on the 20th of April 2023, Access Holdings Plc posted a 43.68% and 24.46% YoY growth in Gross earnings and Profit before Tax to NGN424.92bn and NGN81.60bn respectively. The performance was supported by impressive returns on both the Interest and Non-Interest Income legs. Interest Income soared 46.36% YoY to NGN254.22bn while non-Interest revenue grew 39.86% YoY to NGN170.70bn. On the other hand, Operating Expenses rose 28.29% YoY to NGN149.79bn as a...
Access Holdings Plc 2022FY Earnings Result | Burgeoning Impairment Cos...
In its 2022FY audited financial results, released on the 20th of April 2023, Access Holdings Plc posted a 43.22% YoY growth in Gross Earnings to NGN1.39trn, crossing the NGN1trn mark. Interest Income grew 37.53% YoY to NGN827.47bn while non-Interest revenue climbed 52.43% YoY to NGN559.93bn. On the other hand, Operating Expenses surged 35.43% YoY to NGN502.36bn following a spike in personnel expenses, IT and e-business expenses and admin expenses in the period. Net impairment charge on financia...
United Bank for Africa (UBA) Q1:2023 Earnings Result | Interest Income...
United Bank for Africa Plc. recently released its unaudited Q1:2023 financial result. Gross earnings grew 47.12% YoY to NGN271.18bn on the back of interest and non-interest income growth, slightly exceeding our Q1:2023 estimates. Interest Income soared 53.41% YoY to NGN191.88bn while Non-Interest Income grew by 33.84% YoY to NGN79.30bn. On the other side, Operating Expenses advanced 38.21% YoY to NGN107.31bn owing to rising energy and staff costs. Profit Before Tax (PBT) and Profit After Tax (PA...
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