Digital Banking and Financial Performance Review
Income Statement - Group
Group
In thousands of Nigerian Naira
Gross Earnings
Interest income calculated using effective interest rate
Interest income on financial assets at fair value through Profit or loss
Interest expense
Net interest income
Loan impairment charges
Net interest income after loan impairment charges
Fee and commission income
Fee and commission expense
Dec-22
539,234,897
295,122,190
30,277,472
(66,096,535)
259,303,127
(11,986,545)
247,316,582
Dec-21
% Change
447,810,585
20%
251,466,260
17%
15,427,483
96%
(46,281,121) 43%
220,612,622
18%
(8,531,155)
41%
212,081,467
17%
90,612,848
74,123,774
22%
(13,155,560)
(8,472,981)
55%
Net fee and commission income
77,457,288
65,650,793
18%
Net gains on financial instruments classified as held for trading
40,282,341
29,646,010
36%
Other income
82,940,046
77,147,058
8%
Net impairment reversal/(loss) on financial assets
(35,944,565)
(760,795) 4625%
Personnel expenses
(36,076,627)
(33,430,007)
8%
Depreciation and amortization
(35,467,168)
(35,300,097)
0%
Other operating expenses
Profit before income tax
Income tax expense
Profit for the year
(126,353,803)
(93,536,753)
35%
214,154,094
(44,980,657)
169,173,437
221,497,676
-3%
(46,658,189)
-4%
174,839,487
-3%
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