The Group’s performance in the first half of the year reflects the strength and sustainability of our business, and the effective execution of our strategy.
We delivered gross earnings of ₦246.6 billion – up 42% y/y, and pre-tax profits of ₦52 billion during the period. Net interest margin expanded to 6.7% y/y in H1’17, on the back of a higher interest rate environment. Non-interest income remained strong on the back of 68.8% growth in FX income demonstrating our optimisation of revenue generating opportunities.
H1-2017-Press-Release (Download)