14 Commercial Banks Post N2.6trillion in Nine Months

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In the face of tough operating environment, 14 of the quoted banks on the floor of the Nigerian Stock Exchange, NSE, have posted N2.618 trillion earnings in their unaudited financial statements for the period ended 30 September, 2015.

According to findings, gross earnings of the 14 banks leaped by N399 billion or 17.98 per cent when compared with N2.219 trillion they made during the same period of 2014.

The banks that have released their third quarter 2015 unaudited financial statement to the Nigerian bourse include Access Bank, Diamond Bank, Ecobank, FBN Holding, Fidelity Bank, Guaranty Trust Bank, Skye Bank, Staling Bank, Stanbic IBTC Holdings, UBA, Union Bank, Unity Bank, Wema Bank and Zenith Bank.

However, FCMB Group had earlier announced that its nine months ended 30 September 2015) results will be delayed due to its interim audit.

The bank said the delay is as a result of the commencement of the interim audit of First City Monument Bank as at 30 September, 2015, by KPMG, the bank’s auditors.

Findings shows that Ecobank recorded highest earnings of N411.833 billion followed by FBN Holdings with N390 billion and Zenith Bank with N336.853 billion.

About Haruna Magaji 2484 Articles
Haruna Magaji is a journalist, foreign policy expert and closet musician. He is a graduate of ABU Zaria and a member of the Nigerian union of journalists. JSA, as he is fondly called, resides in Suleja, Abuja. email him at - [email protected]
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