Apr
Analyst: Olumide Sole 4th Quarter Performance GTCO recently released its Q4’23 results, reporting a 92% y/y growth in Gross Earnings to ₦336 billion. This was driven by a 90% y/y rise in Interest Income to ₦176 billion (Vetiva: ₦175 billion), due to the expansion of the bank’s loan book and effective repricing of its assets. […]
Apr
Analyst: Olumide Sole 4th Quarter Performance In its Q4 results, UBA’s Gross Earnings came in at ₦767 billion, 213% higher y/y. This was as a result of a 199% y/y growth in the bank’s Interest Income to ₦409 billion, thanks to improvements across all the interest income lines. Meanwhile, Non-Interest Revenue (NIR) also grew by...
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Analyst: Olumide Sole*o.sole@vetiva.com Amid prevailing macroeconomic challenges and potential headwinds from external and domestic shocks, the Central Bank of Nigeria (CBN) announced the upward review of the minimum capital requirements for commercial, merchant, and non-interest banks in Nigeria. Consequently, the CBN looks to strengthen the capital buffers of Nigerian banks to drive growth in the […]