JAIZ Bank Plc posts profit after tax of N2 billion in half year 2021.

JAIZ Bank Plc released its unaudited financial results for the half year period ended June 30, 2021.

  • Gross Income for the period was N11.65 billion. (+45.5% YoY)
  • Fees and commission income of N646.06 million. (-12.2% YoY)
  • Operating expenses totalled N6.56 billion. (+34.3% YoY)
  • Profit after tax for the period was N1.999 billion. (+83% YoY)
  • Earnings per share of 6.78 kobo Vs 3.98 kobo YoY.

See link to results.

Unity Bank grows profit after by 34% to N1.38 billion in Half Year 2021.

Unity Bank Plc released its unaudited financial results for the period ended June 30, 2021.

  • Net interest income for the period was N9.9 billion. (+9% YoY)
  • Net fee and commission income of N3.07 billion. (+21% YoY)
  • Operating expenses totalled N12.42 billion (+16% YoY)
  • Net loans and advances to customers stood at N246.9 billion. (+22% YTD)
  • Profit for the period was N1.38 billion.(+34% YoY)
  • Earnings per share of 11.82 kobo Vs 8.82 kobo

See link to results.

FBN Holdings Plc declares N38.05 billion profit in half year 2021, as earnings per share prints at N1.05

FBN Holdings Plc released its unaudited financial results for the period ended June 30, 2021.

  • Net interest income after adjusting for loan losses was N79.31 billion. (-21.2% YoY)
  • Net fee and commission of N57.4 billion. (+22.7% YoY)
  • Operating profit for the group was N45.4 billion. (+9.3% YoY)
  • Operating expenses totalled N88.01 billion. (+12.8% YoY)
  • Profit for the period was N38.05 billion. (-23.1% YoY)
  • Earnings per share of N1.05 Vs N1.35 YoY

See link to results.

 

2021 Half Year Results: Union Bank’s profit after tax dips by 11% to N9.84 billion.

Union Bank of Nigeria Plc released its unaudited financial results for the period ended 30th June, 2021.

  • Gross earnings for the period was N76.31 billion (-6.8% YoY)
  • Net interest income after impairment was N20.34 billion. (-15.3% YoY)
  • Net fee and commission income of N6.59 billion. (+30.3% YoY)
  • Total expenses of N36.9 billion. (+3.9% YoY)
  • Deposits from customers totalled N1.17 trillion.
  • An operating income of N48.15 billion was recorded. (+3.01% YoY)
  • Profit after tax for the period was N9.84 billion. (-11.3% YoY)
  • Earnings per share from continued operations of 38 kobo Vs 37 kobo YoY.

See link to results.

2021 Half Year Results: FCMB Group reports a 22% dip in profit to N7.56 billion

FCMB Group Plc released its unaudited financial results for the six months period ended 30th of June, 2021.

  • Net interest income for the period was N43 billion. (-5.2% YoY)
  • Net fee and commission income of N12.9 billion. (+33.5% YoY)
  • Personnel expenses totalled N14.6 billion. (+3.3% YoY)
  • Loans and advances to customers stood at N916.7 billion.
  • Profit after tax for the period was N7.56 billion. (-22.1% YoY)
  • Earnings per share of 38 kobo Vs 49 kobo YoY.
  • Total assets for the period stood at N2.2 trillion.

See link to results.

2021 HY Results: LivingTrust Mortgage Bank boosts profit by 643% to N308.26 million.

Living Trust Mortgage Bank Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Gross earnings for the period was N664.1 million (+187% YoY)
  • Net fee and commission income of N80.2 million. (+386% YoY)
  • Operating income was N576.8 million. (+178% YoY)
  • Operating expenses totalled N260.92 million. (+63% YoY)
  • Profit for the period was N308.3 million. (+643% YoY)
  • Earnings per share of 6.17 kobo Vs 0.83 kobo YoY
  • Total assets for the period stood at N8.71 billion

See link to results.

Ecobank Transnational Inc. grows profit by 29% to N62.6 billion in H1 2021.

Ecobank Transnational Incorporated released its unaudited financial statements for the period ended 30th of June, 2021.

  • Net interest income for the period was N184.8 billion. (+14% YoY)
  • Fees and commission income of N92.8 billion. (+22% YoY)
  • Operating income was N334.9 billion. (+15% YoY)
  • Operating expenses totalled N196.62 billion. (+6% YoY)
  • Profit for the period was N62.6 billion. (+29% YoY)
  • Earnings per share from continuing operations of N1.74 Vs N1.35 YoY.
  • Total loans and advances to customers stood at N3.6 trillion
  • Total customers deposit stood at N7.9 trillion

See link to results.

 

United Bank for Africa Plc announces notice of board meeting, closed period.

United Bank for Africa (UBA) Plc has announced that its board of directors would meet on Thursday, August 12, 2021 to consider among other things, the company’s audited Financial Statements for the half year period ended 30th of June, 2021.

Consequently, the firm also announced that it would observe its closed period from July 1, 2021 until 24 hours after the half year accounts are filed with the Nigerian Exchange Group Limited.

This is according to a disclosure signed by the Bank’s secretary, Bili Odum and sent to the Nigerian Exchange Group Limited (NGX).

Accordingly, the announcement of a closed period is in line with Rule 17.18(a) (Closed Period Rules) of the NGX’s Rule Book (2015). During this period, individuals with sensitive information about stock performance such as; Directors, managers, employees, consultants and their connected persons, are prohibited from trading in the shares of the bank either directly or indirectly.

What you should know:

  • UBA Plc had earlier reported a 27% increase in its profit after tax figures for the first quarter of the year (Q1, 2021). During the aforementioned period, the bank posted a PAT of N38.16 billion.
  • The bank closed trading for the week ended 23rd of July, 2021 with a share price of N7.85.

For more information about the board meeting, click HERE.

Wema Bank announces the appointment of 2 new directors.

Wema Bank Plc has announced the appointment of Prince Olusegun Adesegun and Mr. Adeyemi Adefarakan as Non-Executive Directors, with effect from July 19, 2021.

This disclosure is contained in a notification which was sent by Wema Bank to the Nigerian Exchange Group Limited (NGX), esteemed shareholders and other stakeholders, signed by the Company Secretary, Johnson Lebile.

According to the notice, the appointments of Prince Olusegun Adesegun and Adeyemi Adefarakun have both been approved by the Central Bank of Nigeria (CBN).

Directors Profile

Prince Olusegun Adesegun is a psychologist, career counsellor and consultant for high quality investment decisions. He has technical expertise in marketing, administration, supply chain logistics solutions and management both at the public and private sectors.

Segun once worked for Pyramid Products Limited, where he served as Manager in Training and rose to become the General Manager of the then Eastern Zone in 1988. He retired and engaged in private business, establishing and owning Pecol Ventures Limited – a cash crop export and paper products company where he transformed the company from a small producer to a large, world-class Agric-Export firm. He combined his private business with public service to become a two-time Commissioner for Works and Housing in Ogun State, and later served as the Deputy Governor of Ogun State between 2011 and 2015.

Segun holds a Masters’ degree in Industrial Psychology from the prestigious University of Ibadan.

On his part, Adeyemi Adefarakan is a seasoned executive with strong global investment banking, portfolio risk, asset and financial management exposure. Yemi currently serves as the Group Chief Financial Officer and an Executive Director on the board of CBSL (Continental Broadcasting Service Limited). He holds other Boards positions where he continues to create and extract shareholder value through active board engagement.

Before he joined CBSL, Yomi worked with some of London’s financial powerhouses such as; State Street Global Markets, DRW Investments, JP Morgan Chase, Deutsche Bank and HSBC Global Asset Management, where he traded both vanilla and complex instruments and risk-managed multi-billion-dollar multi asset portfolios.

He holds a B. SC (Hons) in Economics & Accountancy from the prestigious City University, London and a Masters’ degree in International Securities, Investment & Banking from the acclaimed ICMA Centre at the University of Reading, U.K.

 

Fidelity Bank Reschedules Board of Directors Meeting.

Fidelity Bank Plc has informed shareholders and the general public, of a change in the date of its forthcoming Board of Directors meeting earlier scheduled to hold on 6th of August, 2021.

According to a notice signed by the bank’s secretary, Ezinwa Unuigboje, and filed with the Nigerian Exchange Group Limited (NGX), the Board Meeting will now hold on Thursday, August 5, 2021.

The Bank had earlier disclosed that the forth coming meeting was scheduled to consider and approve its audited financial statements for the half year ended June 30, 2021. Consequently, the bank announced a closed period from July 1, 2021, until 24 hours after the publication of the audited half year financial statements

It is pertinent to note that during the closed period, all insiders of the firm are prohibited from trading in the shares of the Bank.

What you should know:

  • Fidelity Bank Plc had earlier reported a profit after tax of N9.6billion in the first quarter of the year (Q1, 2021).
  • The bank closed trading today 22nd of July, 2021 with a share price of N2.39, down by 0.42%.

See link to recent disclosure.