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Tuesday 29 October 2013

Nigerian banks record mixed 9-month profit before tax



STANBIC IBTC

Nigeria's Stanbic IBTC Holdings said on Tuesday its nine month pretax profit rose by 126 percent to 20.33 billion naira ($128.22 million), up from 9.01 billion naira in the same period last year.
Gross earnings at the Nigerian unit of South Africa's Standard Bank <SBKJ.J> rose to 82.92 billion naira during the nine months to Sept. 30, against 64.03 billion naira last year, the bank said in a filing with the Nigerian Stock Exchange.

DIAMOND BANK


Nigeria's Diamond Bank said on Tuesday its nine month pretax profit rose 10.21 percent to 25.58 billion naira ($161.34 million), compared with 23.21 billion naira in the same period last year.
   Gross earnings rose to 106.95 billion naira in the nine months to Sept. 30, from 88.28 billion naira in the same period a year ago, it said.

SKYE BANK

Nigeria's Skye Bank said on Tuesday its nine month pretax profit fell 12 percent to 14.56 billion naira ($91.83 million), compared with 16.55 billion naira in the same period last year.
   Gross earnings at the mid-tier bank in the nine-months to Sept. 30 rose to 102.04 billion naira from 94.13 billion naira a year earlier, the bank said.


ACCESS BANK

Nigeria's Access Bank said on Tuesday its nine month pretax profit fell 9 percent to 35.08 billion naira ($221 million), from 38.54 billion naira in the same period a year ago.
Gross earnings declined by 4 percent to 154.43 billion naira in the nine months to Sept. 30, compared with 160.39 billion naira the previous year, the top tier bank said.



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