Nova Merchant Bank Declares N3.52bn Profit - Business - Nairaland
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| Nova Merchant Bank Declares N3.52bn Profit by dejifola: 8:51am On Apr 18, 2021 |
NOVA Merchant Bank Limited has declared a profit after tax of N3.49bn for the 2020 financial year which ended on December 31, 2020. The merchant bank said it recorded a 112% increase in its 2019 profits which stood at N1.65bn. Nova sais it recorded growth across its main financial parameters: Gross Earnings grew by 130% and Profit Before Tax grew at 135%. Customer deposits grew to N89.6bn in 2020 from N40.5bn in 2019, loans to customers grew by 71% from N29.3bn in 2019 to N50bn in 2020 while there was a decline in the Cost to Income Ratio from 55% in 2019 to 44% in 2020. https://www.lagostimes.com/2021/04/18/nova-merchant-bank-declares-n3-52bn-profit/ |
| Re: Nova Merchant Bank Declares N3.52bn Profit by Solsix(m): 10:50am On Apr 18, 2021 |
Which one be this |
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