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With Eyes on Low-interest Bearing Deposits, Polaris Bank Sustains Profit Growth in 2020

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Festus Akanbi’s review of Polaris Bank’s second year performance scorecard shows its improved profitability was driven by the combination of the significant reduction in interest expense due to the bank’s pursuit of low interest-bearing deposits as well as lowering impairment charges on loans and other financial assets
It is a fact that Nigerians and other members of the international community are still settling down to the ‘new normal’, a term used to describe the drastic change in the hitherto conventional ways of doing things.
In Nigeria, both public and private business endeavours are compelled to tune their operations to reflect the realities, which the COVID-19 pandemic and the attendant worsening economic situation have unleashed on the Nigerian people. ....

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Osinbajo to lead discussions at Banks's CEOs Summit on Economic Growth tomorrow

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Osinbajo to lead discussions at Banks’s CEOs Summit on Economic Growth tomorrow
On
…Govs Fayemi, Zulum, Sanwo-Olu to speak
Vice President Yemi Osinbajo, Finance Minister, Zainab Ahmed, Governor of the Central Bank of Nigeria, Godwin Emefiele and Chief Executive Officers (CEOs) of banks will converge tomorrow at the Banks’ CEOs Summit.
The event which is being organised by Vanguard Newspaper in collaboration with the CBN and the Bankers Committee, will also be attended and addressed by Dr Kayode Fayemi, Chairman, Governors’ Forum and Governor of Ekiti State; Governor Babagana Zulum of Borno State; and Governor Babajide Sanwo-Olu of Lagos State. ....

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