Group Unaudited Results for the First Quarter ended 31 March 2020

On the one year anniversary of the Bank’s merger with Diamond Bank, the Group delivered solid earnings underscoring the value potentials of the newly expanded business franchise with Gross Earnings of ₦209.8bn, a 31% increase from the prior year. A major driver of this growth is the 58% increase in non-interest income to ₦77.9bn, on the back of improved gains on trading instruments and a decisive approach to grow transaction income sustainably through channels and other Ebusiness.