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Nigeria's Intercontinental Bank Plc Declares Full Year Audited Results

Sector: Banking
Year End: 29th February


The just-released results of Intercontinental Bank Plc show impressive numbers in various performance parameters.

Total assets plus contingents growth of 108% over the last financial year, to close at N1.7 trillion, is clearly an impressive result for the year. The deposit base jumped a sizable 126%, to close at N1.05 trillion.

Similarly, revenue and profit performance recorded strong growth. The table below shows details of gross earnings, PBT and PAT performance: .

PRESTIGE ASSURANCE Year 2008
N' Million
Year 2007
N' Million
Change %
Gross Earnings
173,500.00
87,300.00
99.00
Profit Before Tax
45,600.00
22,500.00
102.00
Tax
10,800.00
7,000.00
-36.47
Profit After Tax
34,700.00
15,480.00
125.00
Proposed Dividend 40k per share (final)
Bonus N/A
Closure of Register June 20, 2008
Payment Date N/A

 


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