The interim report was presented amidst profit slide, as share holders
whose name appear in the register as at September 4, could only smile
home with 25 kobo interim divided per share for the half year ended
June 30, 2013.
According to the report, the Bank loan and advances portfolio grew by
13 percent from N604.073 billion to N684.698 billion; total asset
stood at N1.719 trillion from N1.745 trillion just as customer deposit
rose by 7 percent from N1.201 trillion to N1.279 trillion.
Gross earning for the period also dropped to N104.127 billion from
N109.959 billion, while profit before tax fell to N26,090 billion from
the previous N30.206billion representing a drop of 14 percents.
Shareholders fund however rose slightly from N232.93 billion to
N239.938 billion.
Dividend warrants will be posted on September 17,2013.
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