Heritage Bank Plc announced
gross earnings of N24.2 billion for the operating year ended December 31, 2015.
This was contained in an
audited financial statement released by the bank for 2015, representing its
first full operating year since the acquisition of former Enterprise Bank Plc
in October 2014.
The financial statement
showed that the bank recorded a profit before tax of N1.5 billion, profit after
tax of N1.1 billion and net interest income of N12.2 billion.
Meanwhile, the bank
attracted N312 billion as deposits from customers during the year, which was
seen as an indication of confidence. This was as the bank said it supported
businesses and individuals with N175 billion as loans and advances, achieving a
total asset of N483.4 billion for the year.
Commenting on the result,
Managing Director/Chief Executive, Heritage Bank, Mr. Ifie Sekibo, said: “This
result is a testimony to the increased acceptability of Heritage Bank’s
products and services by the banking public. It is also a reward for the
diligent commitment of staff and management to our mission to create, preserve
and transfer wealth across generations.
“In the 2016 operating year,
our desire to reciprocate the patronage of our customers and goodwill from
stakeholders has prompted us to introduce new and bespoke services driven by
cutting edge technology designed to empower businesses and individuals with
opportunities to achieve economic prosperity.
“The positive response to
these efforts gives us assurance of improved financial performance in 2016
leading to enhanced returns to our investors.”
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