Banks Nigerian Community

LivingTrust Mortgage Bank Plc has secured an extension of time to file and publish its 2024 Audited Financial Statements, following approval from the Nigerian Exchange Limited (NGX). Key Highlights The bank's request for an extension was necessitated by the following factors: - Newly Reconstituted Board: The bank's newly reconstituted board was approved by the regulator towards the end of March 2025, requiring time to review the accounts.

In the competitive world of banking, few institutions have managed to stand out with their exceptional performance. Wema Bank is one such institution that has consistently delivered outstanding results.

In the world of finance, few companies have managed to impress investors and analysts alike with their exceptional performance. Guaranty Trust Holding Company Plc (GTCO) is one such company that has consistently delivered outstanding results.

Ecobank Transnational Incorporated has announced a significant 179% increase in profit after tax (PAT) for the 2024 financial year, reaching N735.9 billion. Key Highlights: - Gross Earnings: 131% increase to N4.22 trillion, driven by higher interest and non-interest revenue.

Zenith Bank Plc has announced an impressive 52.58% growth in profit after tax (PAT) for the year 2024, reaching N1.032 trillion, up from N676.909 billion in 2023. Key Highlights: - Gross Earnings: 86% year-on-year growth to N3.97 trillion, driven by a 138% increase in interest income.

United Bank for Africa (UBA) Plc has released its audited financial results for the full year ended December 31, 2024, showcasing significant improvements across key financial metrics. Key Highlights: - Profit After Tax (PAT): Up 26.14% to N766.6 billion, from N607.7 billion in 2023.

FirstHoldco has announced the successful completion of its Rights Issue, with an impressive oversubscription of 25% above the target amount. Key highlights of the Rights Issue include: - Oversubscription: 25% above the target amount - Total Subscriptions: N187.6 billion - Target Amount: N150 billion - Purpose: To strengthen the Group's position in the market, invest in innovation, and drive sustainable growth in FirstBank, its flagship subsidiary.

FCMB Group has projected a profit after tax of N36.6bn for the second quarter ending June 30, 2025. The group’s earnings forecast shows that gross earnings are expected to reach N239.4bn, with interest income projected at N209.1bn.

Unity Bank Plc has announced its audited financial statements for the full year ended December 31, 2023, reporting a 3.84% year-on-year growth in gross earnings to N59.3 billion. Key Point: Unity Bank Plc's gross earnings grew by 3.84% to N59.3 billion in FY 2023, driven by a 9.6% increase in interest income and a 23% rise in customer deposits.