Coronation Merchant Bank Group records 46 percent growth in non-interest earnings for 2018
Commenting on the results, Abu Jimoh, Group Managing Director/CEO of Coronation Merchant Bank Limited said that “despite a difficult operating environment, our company stayed the course, recording modest growth across most financial indices.
“As a platform for improving lives, our aim is to assist our customers to identify growth opportunities, harness these opportunities and in the process, enable businesses thrive, economies grow, and ultimately, help organizations fulfil their hopes and realise their ambitions.” There was increase in foreign exchange and fixed income trading volumes, loan disbursement, e-channel transactions which saw the bank’s non-interest income increase by 46% y/y to achieve N4.1bn .
“In 2018, we deliberately increased our exposures to high quality obligors in Agriculture, Manufacturing and Oil & Gas sectors who fall within our risk acceptance criteria.
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