The Group Managing Director of
This followed the bank's recent announcement of its financial results for the half-year ended
"Leveraging investments in digital banking post-merger, we have seen a growth in our retail banking business, as evidenced by the growth in customer sign-on, transaction volume and value, and increased adoption of our digital channels.
"While the other half of 2020 will remain challenging, digital banking has become more essential than ever in the pursuit of sustainable earnings.
"We are confident that our purposeful strategy, diversified model, and investment in digital solutions will ensure that we remain resilient and continue to support our stakeholders to recover and thrive. I want to thank our employees for their commitment and exceptional work in these uncertain times," a statement quoted Wigwe to have said.
The Group recorded gross earnings of N396.8 billion (+22% year-on-year), on the back of a 191 per cent year-on-year growth in non-interest income to N150 billion, buttressing the efficacy of its strategy and capacity to generate sustainable revenue.
The bank declared a profit before tax of N 74.306 billion in half year 2020, up from N 72.964 billion recorded in H1, 2019. This showed an increase of 1.84 per cent.
Despite the shortfalls due to the COVID-19 pandemic,
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