How banks make impressive returns despite economy’s slow growth

Tribune Online
How banks make impressive returns despite economy’s slow growth

Analysis of the audited full-year 2023 results and first-quarter (Q1) 2024 results of Deposit Money Banks (DMBs) reveals that banks in the country generated substantial returns for their shareholders despite the economy’s slow growth. Nigeria’s Gross Domestic Product (GDP) grew by 3.46 percent year-on-year in real terms in the fourth quarter of 2023. Similarly, GDP […]

How banks make impressive returns despite economy’s slow growth
Tribune Online

​Tribune Online
How banks make impressive returns despite economy’s slow growth
Analysis of the audited full-year 2023 results and first-quarter (Q1) 2024 results of Deposit Money Banks (DMBs) reveals that banks in the country generated substantial returns for their shareholders despite the economy’s slow growth. Nigeria’s Gross Domestic Product (GDP) grew by 3.46 percent year-on-year in real terms in the fourth quarter of 2023. Similarly, GDP
How banks make impressive returns despite economy’s slow growth
Tribune Online