Q3 2019 Industry Report for the Banking Sub-Sector

This report provides an industry analysis into the activities and performance of the banking sector in 2019. Here, all the banks listed on the NSE would be analyzed based on financial performance as well as performance in terms of their respective share prices.

Nigeria’s Tier-1 Banks Made Interest Income of N1.52 trillion and PAT of N521.92 billion in Q3 2019

The Q3 financial statement of the five banks reveal they earned N1.52 trillion on charging interest in the first 9 months of 2019 and they made a Profit After Tax of N521.92bln in total. This research work therefore aims to further break down the financial performance of each of the five banks while also ranking them based on how they have performed from January 2, 2019 to September 30, 2019.

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