Specifically, the bank’s audited result for June 30, 2023 period showed 217.1 per cent rise in PBT to ₦327.4 billion from ₦103.2 billion posted in 2022 while Group’s loan book increased by 22.8 per cent from ₦1.89 trillion recorded as at December 2022 to ₦2.32 trillion in June 2023.
The Group’s balance sheet remained well structured and resilient with total assets and shareholders’ funds closing at ₦8.5 trillion and ₦1.2 trillion, respectively. The Group Return on Equity stood at 61.4 per cent while Pre-Tax Return on Assets and Capital Adequacy Ratio closed at 8.8 per cent and 24.7 per cent. Cost to Income ratio also stood at 27.7 per cent within the period.
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