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Jaiz Bank Plc to pay N883.9 million dividends to shareholders

Jaiz Bank Plc to pay N883.9 million dividends to shareholders
premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.

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BOP registers 22% growth in profit

Daily Times
May 1, 2021
A meeting of the Board of Directors of The Bank of Punjab was held on April 29, 2021 to consider and approve the un-audited Financial Statements for the 1st quarter of year ended March 31, 2021.
The Board reviewed the financial position for the 1st quarter of year 2021 and expressed satisfaction on overall performance of the Bank. It was noted with pleasure that all financial indicators are positive and the Bank would achieve set strategic business targets.
During 1st quarter of year 2021, Bank’s Net Interest Margin (NIM) improved to Rs. 6.87 billion as against Rs. 5.90 billion during 1st quarter 2020 registering a growth of 16%. Similarly, Non-Markup / Interest Income increased to Rs. 2.53 billion as against Rs. 2.00 billion during 1st quarter 2020 showing an increase of 27%. During 1st quarter of the year, the Bank posted after tax profit of Rs. 1.83 billion as against Rs. 1.50 billion earned during 1st quarter of year 2020 with a growth ....

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Union Bank records steady growth with favourable 1Q results - Adaderana Biz English

Union Bank records steady growth with favourable 1Q results
April, 30, 2021
Core Banking Growth and Profitability
Union Bank ended the first three months of 2021 with a strong performance, reflecting a steady growth momentum and fueling favourable expectations.
Union Bank’s core banking performance was propelled by focused efforts on strategically significant product and service propositions. Despite challenges that continued to prevail during the review period, the Bank’s re-strategised product and service prioritisation and swift action to capitalise on the positive sentiments in the macro-economic dynamics since the roll-out of the vaccination campaign, paved the way for this growth in the first quarter of 2021. ....

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Polaris Bank sustains profit growth with N28.9 billion (PBT) in 2020 financial year

Polaris Bank sustains profit growth with N28.9 billion (PBT) in 2020 financial year
Details of the results show that its year 2020 performance reflects a 4 per cent Year on Year (YoY) increase in Profit before Tax (PBT).
…Assets hit N1.2tr and ROA of 2.4%
Performance indicates management depth and sustainability
Polaris Bank Limited has released its full-year audited financial results for the year ended December 2020 posting a Profit Before Tax (PBT) of N28.9 billion. The results which show the Bank’s second year performance scorecard after two years of operation, have further consolidated the Bank’s position as focused on the path of profitability, growth, and value creation. ....

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Polaris Bank records N28.9bn gross profit in 2020

Polaris Bank records N28.9bn gross profit in 2020
On
By Babajide Komolafe
Polaris Bank Limited has recorded Profit Before Tax (PBT) of N28.9 billion in its financial year ended December 2020.
This represents a four percent growth when compared with the N27.83 billion recorded in 2019.
The bank in a statement announcing the financial results for 2020 said that the increase in profitability 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.
The Bank recorded Return on Asset (ROA) and Return on Equity (ROE) of 2.4% and 29.4% respectively which favorably place the Bank as a key player in the industry. ....

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