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Despite COVID-19 Headwinds, 11 Banks Profits Rise to N941bn

FILE PHOTO: Dr Ngong Cyprian receives his first dose of the Oxford/AstraZeneca coronavirus disease (COVID-19) vaccine from Dr Faisal Shuaib, Executive Director and Chief Executive Officer of the National Primary Health Care Development Agency, at the National hospital in Abuja, Nigeria, March 5, 2021. REUTERS/Afolabi Sotunde/File Photo Obinna Chima Despite the disruptive impact of COVID-19 last year, the full-year financial results of 11 commercial banks for the period ended December 31, 2020, have shown that their combined profit after tax (PAT) for the period under review stood at N941.063 billion, higher than the N917.764 billion they recorded the previous year. The banks are Access Bank Plc, Fidelity Bank Plc, FCMB, FBN Holdings, Guaranty Trust Bank Plc, Union Bank of Nigeria Plc, United Bank for Africa Plc, Zenith Bank Plc, Stanbic IBTC, Sterling Bank Plc and Ecobank Trans National Incorporated.

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