First Quarter Group Results
Evolution of Revenue Base
Contribution of interest
income to total revenue
grew from 66.0% in Q1
2022 to 71.0% in Q1
2023.
N'million
Interest income
Q1 2023
% to Total
Revenue
Q1 2022
% to Total
Revenue
YOY
191,632
71.0%
126,384
66.0%
51.6%
Trading income
33,891
12.6%
32,598
17.0%
4.0%
Fees and commissions income
39,758
14.7%
41,395
21.6%
(4.0%)
Other operating Income
Non Interest Income
4,713
1.7%
(8,854)
(4.6%) 153.2%
78,362
29.0%
65,139
34.0%
20.3%
Total Revenue
269,994
100.0% 191,523 100.0%
41.0%
N'Bn
192
123
114
101
126
34
6664b
34
8
13
24
19
21
16
10
33 41
40
10
Mar 19
Mar 20
Mar 21
Mar 22
Mar 23
-9
Interest Income
Trading income
Fees & Commission Income
Other operating income
5
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