It’s that time of the year when banks are announcing their annual financial results. So far, CABS, POSB, EcoBank, Metbank, Stanbic, NMB, Agribank, BancABC and FBC have all reported profits.
The only bank that didn’t make a profit is NBS, understandably because the bank is new. Agribank apparently made the first profit in 7 years (2009 was the last time). This was a very good year for the banks.
Here’s a list of the banks and the profits they made in 2016. More banks will be announcing results in the coming weeks, and we’ll be updating this article as the results come.
5. Steward Bank $8.4 million profit