ADDYSOFT BLOG

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2022, recording a remarkable double-digit growth of 20% in gross earnings from NGN518.7 billion reported in Q3 2021 to NGN620.6 billion in Q3 2022. This performance demonstrates the Group’s resilience against a challenging macroeconomic environment.  According to the unaudited account presented to the Nigerian Exchange (NGX), the growth in the topline was driven by interest and non-interest income growth. Interest income grew by 27% from NGN308.8 billion to NGN390.8 billion, driven majorly by growth in risk assets and an improvement in pricing. This also strengthened Earnings Per Share (EPS) by 9% to NGN5.55. This double-digit growth in the topline also aided the bottom line, as the Group also recorded a 13% year-on-year (YoY) increase in profit before tax, growing from NGN179.8 billion in Q3 2021 to NGN202.5 billion in Q3 2022. Profit after tax equally grew by 9% from NGN160.6 billion to NGN17

..Reports Profit Before Tax of ₦169.7billion Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦169.7billion, representing an increase of 11.7% over ₦151.9billion recorded in the corresponding period ended September 2021.  The Group’s loan book (net) increased by 2.2% from ₦1.80trillion recorded as at December 2021 to ₦1.84trillion in September 2022, while deposit liabilities increased by 6.4% from ₦4.13trillion in December 2021 to ₦4.39trillion in September 2022.  The Group’s balance sheet remained well structured and resilient with total assets and shareholders’ funds closing at ₦5.81trillion and ₦872.8billion, respectively.  Strong Capital Ratios and Asset Quality were sustained as CAR, NPL ratio, and Cost of Risk (COR) closed at 20.7%, 5.6%, and 0.2%

Access Bank Winfest Campaign Access Bank Plc, yesterday said it is rewarding its loyal customers with cash rewards and other items up to N1 billion for funding, transacting, maintaining, and increasing their deposits from October 2022 to November 2023 through the Access Winfest campaign. The essence of this campaign, it stated, is to promote a savings culture and efficient banking among Nigerians using alternative channels. The Deputy Managing Director, Retail, North, Access Bank, Victor Etuokwu in a statement said, “Over the past two decades, Access Bank has continued to grow in every dimension, particularly its customer base, due to customers like you whose patronage, advocacy, and loyalty have remained unparalleled. At Access Bank, we care most about how happy our customers are, and we hope to find more chances like this one to make their lives and the lives of many other Nigerians better.” To get on board the winning train, simply increase the balance on your account , carry out t