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UBA | Banking | H1:2024 Earnings Note | Loss on Derivatives Drags Performance

United Bank for Africa Plc recently released its audited H1:2024 financial result. Gross earnings grew by 39.65% YoY to NGN1.37trn following impressive interest income growth.

Guaranty Trust Holding Company Plc H1:2024 Earnings Note | Riding on Interest Income and Unrealized Gains

Riding on Interest Income and Unrealized Gains In its recently released audited H1:2024 results, GTCO’s Gross Earnings jumped by 107.04% YoY to NGN1.39trn mainly due to the spike in interest income (+173.47% YoY to NGN617.89bn) and   non-interest income (+111.94% YoY to NGN774.30bn), an offshoot of the unrealized fair value gain on financial instruments on its […]

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