2020 FY Results: Unity Bank Plc posts profit after tax of N2.09 billion.

Unity Bank Plc released its full-year audited results for the year ended 31st December, 2020.

  • Net interest income for the year was N17.75 billion. (+7.6% YoY)
  • Fee and commission income of N5.22 billion. (+4.84% YoY)
  • Total operating income was N21.34 billion. (-15.1% YoY)
  • Operating expenses totalled N23.24 billion. (+18.8% YoY)
  • Profit after tax for the year was N2.09 billion. (-38.3% YoY)
  • Earnings per share of 18 kobo s 29 kobo YoY.
  • No dividend was announced for the period.

See link to results.

UBA Plc posts profit after tax of N38.16 billion in Q1 2021.

United Bank for Africa Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N74.4 billion. (+13.7% YoY)
  • Net fee and commission income was N20.4 billion. (+8.9% YoY)
  • Net operating income after impairment was N104.6 billion. (+14.6% YoY)
  • Total operating expenses of N64.45 billion. (+9.9% YoY)
  • Profit for the period was N38.16 billion. (+26.8% YoY)
  • Earnings per share of N1.04 Vs 83kobo YoY.

See link to results.

NPF Microfinance Bank reports a profit after tax of N614.42 million in FY 2020.

NPF Microfinance Bank Plc released its full-year audited results for the year ended 31st December, 2020.

  • Gross Earnings for the year was N4.66 billion. (+4.7% YoY)
  • Net interest income of N3.7 billion. (+27% YoY)
  • Personnel expenses totalled N1.99 billion. (+9.2% YoY)
  • Profit for the year was N614.42 million. (-22.9% YoY)
  • Earnings per share of 27 kobo vs 35 kobo YoY.
  • A dividend of 20kobo was proposed by the Board.

See link to results.

CSCS Plc posts profit after tax of N6.93 billion in FY 2020

Central Securities Clearing System Plc (CSCS) has released its full-year results for the period ended 31st December, 2020.

  • Total operating income for the year was N12.09 billion. (+31.3% YoY)
  • Investment Income of N7.44 billion. (+61.4% YoY).
  • Operating Expenses totalled N4.72 billion. (+46.0% YoY).
  • Profit after tax was N6.93 billion. (+41.4% YoY).
  • Earnings per share of 139 Kobo Vs 98 Kobo YoY.
  • No dividend was announced.

See link to results

Infinity Trust Mortgage Bank Plc records a 60% increase in profit after tax in Q1 2021.

Infinity Trust Mortgage Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Turnover for the period was N382.97 million. (+21.1% YoY)
  • Net fee and commission income of N25.8 million. (+19.1% YoY)
  • Total operating income of N338.1 million. (+28.4% YoY)
  • Total operating expenses of N178.93 million. (+8.31% YoY)
  • Profit after tax was N145.27 million. (+60% YoY)
  • Earnings per share of 13 kobo vs 8 kobo YoY.

See link to results.

NASD Plc announces admission of newly demutualized NGX shares.

NASD Plc has announced the successful admission of the securities of the Nigerian Exchange Group Plc (NGX) for trading on its platform.

This is according to a verified Tweet by NASD Plc, seen by Nairametrics.

The admission is a sequel to the successful demutualization of the defunct Nigerian Stock Exchange (NSE) which gave birth to a new group- The Nigerian Exchange Group Plc (NGX) and three other subsidiaries.

Consequently, NGX shares will be available to be traded by participating institutions or authorized traders registered on the NASD platform from the 13th of April, 2021.

What you should know:

  • Recall that Nairametrics had earlier reported the final completion of the demutualization exercise of NSE after it secured regulatory approvals from SEC and CAC.
  • As part of its transition plan, the creation of a new website, board and other relevant components were ratified and implemented.
  • The newly admitted NGX security is registered on the NASD Plc platform with the ticker SDNGX.

The recent admission is the first recorded cross-listing for securities exchange in Nigeria.

Lotus Halal Fixed Income announces dividend of N20 per unit for Q1 2021.

Lotus Capital Limited has declared its Q1, 2021 dividend distribution of N20/unit to unit holders in the Lotus Halal Fixed Income Fund whose names appear on the company’s register as at April 13, 2021.

According to a notification issued by the firm and seen by Nairametrics, the payment of the distribution will be made by the fund manager of the Lotus Halal Fixed Income on April 15, 2021.

It is pertinent to note that the firm had earlier paid its fixed income fund unit holders a dividend of N33 per unit for Q4, 2020 on 22nd of January, 2021.  Sequel to this, the recent declaration of N20/ unit indicates a decline of about 39.4% QoQ.

What you should know:

  • Lotus Capital is a full-fledged halal investment management company, specializing in Shari’ah compliant asset management, private wealth management and financial advisory services.

For more information about the disclosure, click HERE

GT Bank Plc holds FY 2020 investors presentation.

Guaranty Trust Bank Plc held its FY 2020 results presentation to investors and analysts. Below are the facts to the figures;

  • The bank recorded a customer base of over 21.9 million as at the end of FY 2020.
  • A total of 24,115 active POS terminals, 1,366 ATMs, 575 million unique transactions, and 5.43 million active cards were recorded during the period under review.
  • Operating expenses totalled N131 billion (+12.6% YoY). The increase was largely driven by surge in regulatory charges, administrative charges and depreciation expenses, among others.
  • A breakdown of its gross loans by industry showed that Upstream Oil and Gas, Manufacturing and Midstream oil and gas emerged in the top three with an allocation of 29%, 19% and 14% respectively. On the other hand, Education, Agriculture and Downstream Oil and Gas appeared in the bottom three with an allocation of 1% to the aforementioned sectors.
  • The bank maintained a strong liquidity position with a ratio of 38.9% as at FY 2020. A figure well above the regulatory minimum of 30%.
  • Cost to Income ratio of 36.11% Vs 38.2% YoY.
  • In terms of diversity, out of its 6,637 employees, 54.6% are male while 45.4% are female.

For more information about the investors’ presentation, click HERE.

Jaiz Bank proposes dividend worth N884 million for shareholders.

The Board of Directors of JAIZ Bank Plc has proposed a sum of N884 million as dividend to be paid to shareholders for the period ended 31st of December 2020.

This is according to a disclosure signed by the company’s secretary, Rukayat Dahiru, and sent to the Nigerian Stock Exchange.

According to the notice, the approval of the proposed dividends will see the Non-interest bank pay out a dividend of 3 kobo for each of the outstanding 29,464,249,300 ordinary shares of the company, held by its shareholders.

Despite posting double-digit growth in most of its key financial metrics in FY 2020, such as; PAT (+19%), PBT(+45%), etc., it is pertinent to note that JAIZ Bank’s proposed dividend remained unchanged when compared with what it declared last year (FY 2019: 3 kobo)

It is also worthy to note that the proposed dividend if ratified will be disbursed to qualified shareholders’, whose names appear in the Register of Members as at close of trading on 10th of June, 2021.

In addition, shareholders are urged to complete the e-dividend registration and submit to the Registrar (Africa Prudential Plc) or their respective banks.

What you should know:

  • Jaiz Bank Plc earlier reported a profit after tax of N2.9 billion in FY 2020
  • It closed trading yesterday 8th of April, 2021 with a share price of 62 kobo

For more information about the proposed dividend, click HERE.

Access Bank Plc holds FY 2020 investors presentation.

Access Bank Nigeria Plc held its FY 2020 results presentation to investors and analysts. Below are the facts to the figures;

  • The bank recorded a surge in its customers’ base, surpassing over 40 million customers in 2020- a number that puts the bank above 47 African countries (82%) in terms of population.
  • The Bank’s Return on Equity (ROE), CAR and Tier 1 ratios stood at 15.6%, 20.6% and 15.46% respectively.
  • Of its global 6,897 professional staff in 2020, 53% are male while 47% are female.
  • It raised a total of N15 billion in green finance sequel to its launch of the first Green bond in SSA. It also spent a total of N10.25 billion in community initiatives.
  • Cost to Income ratio declined to 63.4% in FY 2020 (-2.7% YoY)
  • The Bank explained that its strong and diversified revenue growth in 2020 has been driven by expansive retail banking growth, optimizing value chain for wholesale banking customers and well-executed trading strategy among others.

For more information about the investors’ presentation, click HERE.