This was disclosed in its audited financial results for H1 ended June 30, 2024, filed with the Nigerian Exchange Limited on Monday.
In the period under review, the bank’s interest income surged by 134.3 per cent to N1.003tn, up from N428.2bn in June last year.
Total assets increased by 37.2 per cent, climbing from N20.6tn in December 2023 to N28.3tn, while customer deposits grew by 33.7 per cent to N23.2tn.
The profit before tax stood at N402bn, lower than the N403bn reported in June 2023, while pre-tax profit dipped to N316bn from N378bn in H1 2023.
Shareholders’ funds, however, rose by 47 per cent, increasing from N2.03tn in December 2023 to N2.99tn.
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