Skye Bank Plc on Thursday announced gross earnings of N85.2bn for the half year ended June 30, 2015. The result shows an increase of 33 per cent over the N63.9bn recorded during the corresponding period in 2014.
According to the highlights of the results submitted to the Nigeria Stock Exchange by the bank, the bank's shareholders' funds grew from N131bn in 2014 to N141bn during the period under review, representing a growth of seven per cent.
As an indication to increased business momentum, the bank's net interest income also grew to N30.2bn as against N25.5bn in 2014, a growth of 18 per cent.
Similarly, net fee and commission income witnessed a big leap from N10.6bn in 2014 to N14.1bn, showing an increase of 33 per cent.
The Group Managing Director/Chief Executive Officer of the bank, Mr. Timothy Oguntayo, said the bank was beginning to harness the business potentials, synergies, and opportunities from its recent acquisition of the defunct Mainstreet Bank Limited.
He assured customers and other stakeholders of the bank of good returns as well as adequate protection of their investments.
He added that the bank would continue to work towards improving its business performance on a sustainable basis for the benefit of its stakeholders, while maintaining transparent disclosures, professionalism and good governance.
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