BusinessBanks’ Earnings Hit N2.64tn In Nine Months

Banks’ Earnings Hit N2.64tn In Nine Months

-

- Advertisment -spot_imgspot_imgspot_img

According to data collated from the third quarter earnings of the banks, Nine banks made a gross earning of N2.64tn in the first nine months of 2021.

The nine banks under review are Zenith Bank Plc, Access Bank Plc, Guaranty Trust Bank Plc, Stanbic IBTC Bank, Sterling Bank Plc, Wema Bank Plc, United Bank for Africa Plc, Union Bank of Nigeria, and Fidelity Bank Plc.

Access Bank also witnessed the most growth in its gross earnings. The bank’s gross earnings increased by N100.3bn from N592.8bn in September 2020 to N693.1bn in September 2021.

Stanbic Stanbic witnessed the most drop in gross earnings, with the bank’s earnings dropping by N36.7bn from N183.3bn in 2020 to N146.6bn in 2021

Stanbic IBTC witnessed a N36.7bn reduction in gross earnings year-on-year as its earnings fell from N183.3bn in 2020 to N146.6bn in 2021.

Sterling witnessed a N7.32bn increase in gross earnings as its gross earnings rose from N101.85bn in 2020 to N109.16bn in 2021.

UBA had a gross earning of N490.3bn in 2021, an increase of N35.9bn from the N454.4bn it had in 2020. Union bank had a gross earning of N121.8bn in 2021, an increase of N3bn from the N118.8bn it had in 2020. Fidelity had a gross earning of N174.35bn in 2021, an increase of N19.32bn from the N155.03bn it had in 2020.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Man sentenced to life imprisonment after impregnating 15-year-old daughter

Ekpo Lawrence, 42, was convicted and sentenced to life in prison by the Lagos State Domestic Violence and Sexual...

Price of oil surpasses $90 per barrel, first time since 2014

Brent oil exceeded $90 per barrel on Wednesday, reaching its highest level in more than seven years, roiled by...

Catholic priests declare homosexuality practice, advocate against discrimination

OpenLife Nigeria reports that more than 100 Catholic church officials in Germany came out as lesbian, gay, bisexual, and...

Unknown gunmen abduct Bayelsa State Commissioner for trade

The Bayelsa State Commissioner for Trade and Commerce, Otokito Federal Oparmiola, has been kidnapped by unknown gunmen. Gunmen allegedly kidnapped...
- Advertisement -spot_imgspot_imgspot_img

Oyo set to re-introduce school governing boards

The last administration headed by Senator Abiola Ajimobi introduced school governing boards in all public secondary schools in the...

Oritsedere Otubu takes over as chairman of EKEDC board of directors

Oritsedere Otubu has been named chairman of the board of directors of the Eko Electricity Distribution Company (EKEDC). The declaration...

Must read

Man sentenced to life imprisonment after impregnating 15-year-old daughter

Ekpo Lawrence, 42, was convicted and sentenced to life...

Price of oil surpasses $90 per barrel, first time since 2014

Brent oil exceeded $90 per barrel on Wednesday, reaching...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you