Abojani Investment’s Post

DFCC Bank PLC reported a strong first quarter for the 2024 financials with a 48% increase in Net Operating Income, 66% reduction in Impairment charges, and an 85% surge in Profit After Tax. Despite a 16% decline in Net Interest Income, the bank maintained profitability through prudent cost controls. Asset growth exceeded regulatory standards, with a 2% increase in net loan portfolio, while equity strengthened, resulting in Tier 1 and Total Capital ratios surpassing regulatory requirements. Read more:  https://lnkd.in/gynE5tym  #DFCCBank #BankForEveryone #KeepGrowing #financialreport

DFCC Bank PLC’s (DFCC.N) net income for the March 2024 quarter Increased by 88% YoY. See below a snapshot of the latest earnings. #cse #srilanka #stockmarket #investing #equityresearch #growth #sentiment #capitalmarkets #stockanalysis #economynews #investmentresearch #marketanalysis #stockbrokers #marketperform 

National Development Bank PLC demonstrated its characteristic resilience and agility in withstanding external challenges through the financial year 2023. The NDB Group comprising the NDB Bank as the parent and its subsidiary companies posted a pre-tax profit of LKR 10.9 Bn whilst at Bank level pre-tax profit was LKR 10.1 Bn. Profitability mirrored solid core banking performance which led to healthy improvement across key income categories.   - Gross income saw a 20% increase over the financial year 2022 (YoY growth) to LKR 132.3 Bn. - Net interest income of LKR 31.9 Bn, a YoY growth of 4%. - Net fee and commission income increased by 14% to LKR 7.2 Bn   For financial report :  https://bit.ly/3wvLhpm Read more : https://bit.ly/3ULzFss  

The table below provides a comprehensive overview of KCB Bank Group's financial performance from FY 2014 to FY 2023. This data serves as a vital resource for investors, analysts, and stakeholders seeking to understand KCB Group's long-term performance and future prospects. #financialperformance #financialresults #businessgrowth #bankingperformance

ACCESS BANK FULL YEAR FINANCIALS FOR 2023. The figures are out and ones again Access Bank Plc has delivered an impressive outing for the year ended 2023. is evident that with the right leadership and committed talents, we can move any mountain. the Balance sheet is now looking like a fortress. #banking #cbn #LightInLeadership

KCB Bank Group has posted an 86.4 per cent jump in profits to KSh29.9 billion in the first half of 2024 compared to KSh16.1 billion recorded in the same period 2023. - The growth was primarily driven by significant increases in both interest and non- interest income pushing the total operating income 29.5 percent up to KSh94.6 billion. - Interest income increased by 34.8 percent to KSh61.3 billion supported by the high interest rates during the review period. - Non-interest income saw a 20.8 percent uptick to KSh33.2 billion driven by digital banking and FX trading income coupled with enhanced contributions from Trust Merchant Bank (TMB) and the DRC-based subsidiary. https://lnkd.in/dUXpT6Mx

KCB Bank Group released their end year 2023 financial results yesterday. Most notable was that it skipped dividends payout for the first time in about 21 years. However, they managed a compounded growth rate of 10.46%, 25.27%, and 19.61% in their year-on-year profit after tax, customer deposits and loan book respectively over the past 4 years since 2019. #finance #investment #economics #kcb #nse

Bank ABC announces its H1 2024 results, with a 24% growth over the same period last year reaching a net profit of US$150 million. The Bank’s remarkable performance was driven by a 10% year-on-year increase in total operating income from core business growth and higher average asset volumes. Furthermore, the Group’s balance sheet strength has been maintained, with robust capital and liquidity ratios, while total assets reached US$44 billion. These outstanding results position the Bank for accelerated growth during the rest of the year, as it further anchors its mark as MENA’s International Bank of the Future. Read more: https://lnkd.in/dygh7NVn

JS Bank has demonstrated exceptional performance in the first quarter of 2024, marking a remarkable 144% growth in pre-tax profits compared to the same period last year. This significant surge underscores the bank's resilience and strategic acumen amidst a dynamic economic landscape. Achieving such substantial growth reflects JS Bank's commitment to excellence, innovation, and customer-centricity in its operations. The impressive financial results not only attest to the bank's robust business model but also reaffirm its position as a key player in the banking industry. JS Bank's stellar performance sets a strong foundation for continued success and reinforces its reputation as a leading financial institution dedicated to driving sustainable growth and delivering value to stakeholders. #firstquarter #financialresults #jsbank #bankingindustry #bank #banking #growth #profits #profit

Coastal has joined the ranks in the prestigious ‘Bank Honor Roll’ list! KBW, a leading specialist investment bank to the financial services and fintech sectors, recently named Coastal as one of the top 18 U.S. banking institutions to the coveted 2024 KBW Bank Honor Roll. These 18 elite banks were selected to the KBW Bank Honor Roll based on two central criteria: 1. Consistent earnings growth over the past 10 years 2. Or top 5% Earnings Per Share & Growth Rate over the past 10 years. Only two banks, including Coastal, satisfied both criteria! Details here --> https://lnkd.in/gcumJivD #banking #bankinvesting #topbanks #growingbanks #communitybanking #profitability