Stay updated with breaking news from வெற்றி ப்ரோமோ. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Polaris Bank set to Boost Nigerian's Digital Banking Ecosystem, Unveils a New Digital Bank vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Vanguard News Polaris Bank grows profit with N28.9bn On For the second time since I started writing columns for Vanguard in 1987, an organisation in the public and private sectors has proved me wrong, and I am absolutely delighted to admit it. When Polaris Bank was created out of the ashes of Skye Bank in 2018, I gave the new bank no chance for survival. Everyone who came within earshot was told to go and withdraw their deposits. Then the Central Bank of Nigeria, CBN, announced names of the new management and board of directors. It was time to wait and see. ....
Polaris Bank grows profit with N28.9BN vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Vanguard News Polaris Bank records N28.9bn in 2020 On By Babajide Komolafe Polaris Bank Limited has recorded Profit Before Tax (PBT) of N28.9 billion in its financial year ended December 2020. This represents four percent growth when compared with the N27.83 billion recorded in the 2019. The bank in a statement announcing the financial results for 2020 said that the increase in profitability is driven by the combination of the significant reduction in interest expense due to its pursuit of low interest-bearing deposits as well as lowering impairment charges on loans and other financial assets. According to the statement, Polaris recorded Return on Asset (ROA) and Return on Equity (ROE) of 2.4% and 29.4% respectively in 2020 which favorably place it as a key player in the industry. ....
Polaris Bank records N28.9bn gross profit in 2020 On By Babajide Komolafe Polaris Bank Limited has recorded Profit Before Tax (PBT) of N28.9 billion in its financial year ended December 2020. This represents a four percent growth when compared with the N27.83 billion recorded in 2019. The bank in a statement announcing the financial results for 2020 said that the increase in profitability by the combination of the significant reduction in interest expense due to the Bank’s pursuit of low interest-bearing deposits as well as lowering impairment charges on loans and other financial assets. The Bank recorded Return on Asset (ROA) and Return on Equity (ROE) of 2.4% and 29.4% respectively which favorably place the Bank as a key player in the industry. ....