First Quarter Group Results
Profit or Loss Statement
Strong bottom line, enhanced by impressive double digit growth in interest income.
Group
Group
(N'million)
Gross earnings
3M 23
3M 22
YOY
Change
269,994
191,523
41%
Interest and similar income
191,632
126,384
52%
Interest and similar expense
(70,843)
(25,845)
174%
Net Interest Income
120,789
100,539
20%
Impairment charge
(7,730)
(6,759)
14%
Net interest income after impairment charge
113,059
93,780
21%
Net fees and commission income
34,148
33,486
2%
Trading income
33,891
32,598
4%
Other income/(loss)
4,713
(8,854)
153%
Amortisation of intangible assets
(1,468)
(827)
78%
Depreciation of property and equipment
(6,422)
(6,370)
1%
Personnel expenses
(23,168)
(21,539)
8%
Operating expenses
(68,148)
(54,283)
26%
Profit before tax
Income tax expense
Profit after tax
86,605
67,991
27%
(20,593)
(9,793)
110%
66,012
58,198
13%
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