The bank's Group Chief Executive Officer, Thierry Tanoh, disclosed while presenting "Facts Behind the Figures" to The Nigerian Stock Exchange, that the group total assets grew to US$20.0 billion while Profit After Tax rose by to stand at $287 million representing an increase of 39 per cent from the previous year, while total equity for 2012 stood at US$2.2 billion.
Tanoh explained that profit before tax for 2012 was $348 million, up $70.6 million or 25 per cent from $277 million he prior year period, adding that PBT benefited from strong revenue growth offset by expenses growth and provision for impairment losses.
He further said that operating expenses increased by $429 million, or 51 per cent to $1.3billion as against $833 million in the previous year.
The bank's board of directors also proposed a dividend of 0.4 cents per ordinary share in respect of 2012 for its shareholders.
Thierry said: "these very pleasing results reflect the successful integration of our two major acquisitions in Ghana and Nigeria, strong demands for retail banking services across our 33 country platform, increasing trade and commercials flows between middle Africa and the rest of the world together with a strong performance of our dedicated staff.
"We are closely focused on delivering cost efficiencies, whilst maintaining high levels of services and innovation. Overall, we are confident that 2013 will be another year of progress as we further strengthen and develop the group to the benefit of all our stakeholders."
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