Meanwhile, the Bank also released its unaudited financials for Q1, 2023, in which it sustained improved performance, posting a 21% growth in Profit After Tax, PAT to N1.04 billion from N869.2 million in the corresponding period of 2022. Its gross earnings for the quarter also rose by 17 percent to N15.9 billion compared to N13.6 billion in the corresponding period of 2022.
“There are highs and lows as we look at the gross earnings, with 13.7% growth, increase in liquid assets by 7.5 percent and deposits recording moderate growth of 1.6%, while maintaining steady growth in profitability. She reassured that going into the new financial year, the Bank will remain laser-focused on our strategic choices and key growth drivers to push all the indices and elevate growth to double-digit territory.