Category: Money Market

Decline Profits: Diamond Bank Trades blame on Industry Regulatory, Operating Costs.

Group Managing Director and Chief Executive of the bank, Uzoma Dozie, said we will continue to develop innovate products to deepen our retail market share and optimize the rapidly expanding opportunities within the retail banking space. We will ensure that the bank has the right people, products and partnership to achieve optimum results in 2015, he added.

Fidelity Bank records N5bn Profit before tax in Q1, 2015

Our retail banking strategy continued to deliver impressive results as core retail liabilities increased by 7.7 per cent in Q1 2015, while E-banking income from increased cross-selling of products to the expanding retail customer base. We continued with our balance sheet optimisation which saw average yields on earning assets improve by 100 basis points and net interest margin inched up to 6.2 per cent during the quarter.

UBA Sets for New IT Platform in its operations

In response to the statement, the bank’s Group Managing Director/Chief Executive, Phillips Oduoza, said Finacle 10x, is one of the latest generation of banking applications developed by Infosys, the world’s leading developer of banking applications, delivering a whole new set of offerings including enhanced treasury and advanced e-banking solutions with less stress