A review of the unaudited results for the 3rd quarter of 2021 released to the Nigerian Exchange Group Limited showed that the Bank’s gross earnings of N36.18 billion represent a moderate seven per cent growth from N33.9 billion recorded in the same period in 2020.
This sterling performance comes amid fragile recovery and volatilities in the operating environment and key macroeconomic indicators following the global COVID-19 pandemic, weak market sentiments and inflationary trends, as well as tough regulatory headwinds that have impacted severely on economic activities.
The Managing Director/CEO, Tomi Somefun, expressed satisfaction with the performance indices of the Q3/2021 financials. She said of particularly inspiring are the growing loan book and quality of assets , cash and balances with the CBN and PBT , altogether adding to the consecutive growth of the balance sheet in the last couple of years.