{"id":33618,"date":"2019-07-30T14:21:23","date_gmt":"2019-07-30T13:21:23","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=33618"},"modified":"2019-07-30T14:21:23","modified_gmt":"2019-07-30T13:21:23","slug":"first-bank-reports-n294-2bn-gross-earnings-in-half-year-2019","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/first-bank-reports-n294-2bn-gross-earnings-in-half-year-2019\/","title":{"rendered":"First Bank Reports N294.2bn Gross Earnings In Half-Year 2019"},"content":{"rendered":"

First Bank has announced N294.2billion gross earnings in its unaudited results for the six months ended 30 June 2019, an increase of 0.3% over 2018 half year result.<\/p>\n

But the bank\u2019s net-interest income went down by 2.0 %\u00a0 as against the 2018 half year result, from \u20a6149.6bn to N146.7bn.<\/p>\n

Its non-interest income of \u20a663.6bn, went up by 3.6% y-o-y (Jun 2018: \u20a6 61.3bn), while operating income was down to \u20a6210.3bn from\u00a0 \u20a6210.9bn.<\/p>\n

The bank also announced that its operating expenses of was up by 24.3 % to \u20a6148.3bn, up 24.3% from \u20a6119.3bn recorded in 2018 half year.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

The bank recorded a profit before tax of \u20a639.9bn, up by 2.6% y-o-y (Jun 2018: \u20a638.9bn) and a\u00a0 profit after tax of \u20a631.7bnn, down 5.4% y-o-y (Jun 2018: \u20a633.5bn). The bank said its total assets hit \u20a65.7 trn, up by 1.8% year-to-date (y-t-d) (Dec 2018: \u20a65.6 trillion). Customer deposits, it said, hit \u20a63.6 trn, up by 2.8% y-t-d (Dec 2018: \u20a63.5trn), while customer loans and advances (net) hit \u20a61.74 trn, up by 3.5% y-t-d (Dec 2018: \u20a61.68 trn)<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

First Bank has announced N294.2billion gross earnings in its unaudited results for the six months ended 30 June 2019, an increase of 0.3% over 2018 half-year result.<\/p>\n","protected":false},"author":6,"featured_media":14312,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[2018],"coauthors":[2391],"class_list":["post-33618","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-first-bank-of-nigeria"],"yoast_head":"\nFirst Bank Reports N294.2bn Gross Earnings In Half-Year 2019 - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/first-bank-reports-n294-2bn-gross-earnings-in-half-year-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Bank Reports N294.2bn Gross Earnings In Half-Year 2019 - 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