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2017 H1 Results Announcement

The Group’s performance in the first half of the year reflects the strength and sustainability of our business, and the effective execution of our strategy.

We delivered gross earnings of ₦246.6 billion – up 42% y/y, and pre-tax profits of ₦52 billion during the period. Net interest margin expanded to 6.7% y/y in H1’17, on the back of a higher interest rate environment. Non-interest income remained strong on the back of 68.8% growth in FX income demonstrating our optimisation of revenue generating opportunities.