Coronation Merchant Bank Group records 46 percent growth in non-interest earnings for 2018 - Daily Post Nigeria

Commenting on the results, Abu Jimoh, Group Managing Director/CEO of Coronation Merchant Bank Limited said that “despite a difficult operating environment, our company stayed the course, recording modest growth across most financial indices.

“As a platform for improving lives, our aim is to assist our customers to identify growth opportunities, harness these opportunities and in the process, enable businesses thrive, economies grow, and ultimately, help organizations fulfil their hopes and realise their ambitions.” There was increase in foreign exchange and fixed income trading volumes, loan disbursement, e-channel transactions which saw the bank’s non-interest income increase by 46% y/y to achieve N4.1bn .

“In 2018, we deliberately increased our exposures to high quality obligors in Agriculture, Manufacturing and Oil & Gas sectors who fall within our risk acceptance criteria.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Access Bank Shareholders Ratify Merger With Diamond BankThe shareholders of Access Bank Plc yesterday ratified its merger with Diamond Bank as the managing director and chief executive of the bank, Herbert Wigwe, assured of continued returns to shareholders. Speaking at the court ordered meeting in Lagos yesterday, Wigwe said while Diamond bank was coming into the union with bad debts, Access Bank […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Access Bank, Diamond Bank shareholders approve merger - Premium Times NigeriaThe merger is expected to produce the largest banking group in Africa based on its number of customers with more than 29 million customers.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Access Bank, Diamond Bank shareholders approve merger - Vanguard News NigeriaShareholders of Access Bank Plc and Diamond Bank Plc on Tuesday unanimously approved the merger of both financial institutions aimed at creating a formidable force.
Source: vanguardngrnews - 🏆 5. / 75 Read more »