Retail activities also supported the growth recorded in fees on electronic products which grew by 45 per cent YoY from N17bn to N25bn.
Despite the elevated yield environment, the cost of funds increased only marginally from 1.3 per cent in June 2021 to 1.4 per cent in June 2022. The increase in the cost of funds was lower than the increase in yields on interest-generating assets, giving rise to an improved Net Interest Margin of 7.1 per cent from 6.4 per cent in June 2021.Despite the headwinds imposed by the operating environment, the Group grew its risk assets as gross loans grew by five per cent YtD, from N3.5tn to N3.7tn. This was achieved at a moderate NPL ratio of 4.4 per cent and cost of risk of 1.4 per cent .
Frauds
Ur illegal deduction from peoples account contributed to this..
Worse bank of the year, stealing from its customers.
Na the 41 wey una comot for my money yesterday make am complete, nice one!!