Bank Proposes Dividend Increase Amid Strong Financial Performance

The bank proposed a 20 per cent increase in its interim dividend to N1.50 per share, raising it from N1.25 paid in the corresponding period of 2025.

Interest expenses decreased by 13 per cent, transaction-related income grew, net interest margins improved, and impairment charges fell by 81 per cent.

Net interest income reached N1.25 trillion, with net interest margins expanding to 12.4 per cent from 11.9 per cent in the prior year period.

The bank’s cost of funds dropped to 3.3 per cent from 4.0 per cent, indicating better funding efficiency and a more favorable liability structure.

Transaction-led businesses generated net fee and commission income of N178.77 billion, up 39.6 per cent from N128.06 billion in the previous period.