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The first full year results of Heritage Bank Plc since it commenced operation has shown that the bank recorded a profit before tax of N1.5 billion for the operating year ended 2015.
This was contained in the audited financial statement announced by the bank for 2015, which represents its first full operating year since its acquisition of former Enterprise Bank Plc in October 2014.
The financial statement showed that the bank recorded gross earnings of N24.2 billion in the year under review, while its net interest income stood at N12.2 billion and profit after tax of N1.1 billion.
During the year under review, Heritage Bank attracted N312 billion as deposit from customers.
Also, the bank’s loans and advances were N175 billion while its total assets stood at N483.4 billion in billion as at the end of 2015.
Commenting on the results, Managing Director/Chief Executive, Heritage Bank, Mr. Ifie Sekibo, said: “This result is a testimony to the increased acceptability of Heritage Bank’s innovative products and services by the banking public. It is also a reward for the diligent commitment of the staff and management of the bank 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.
This was contained in the audited financial statement announced by the bank for 2015, which represents its first full operating year since its acquisition of former Enterprise Bank Plc in October 2014.
The financial statement showed that the bank recorded gross earnings of N24.2 billion in the year under review, while its net interest income stood at N12.2 billion and profit after tax of N1.1 billion.
During the year under review, Heritage Bank attracted N312 billion as deposit from customers.
Also, the bank’s loans and advances were N175 billion while its total assets stood at N483.4 billion in billion as at the end of 2015.
Commenting on the results, Managing Director/Chief Executive, Heritage Bank, Mr. Ifie Sekibo, said: “This result is a testimony to the increased acceptability of Heritage Bank’s innovative products and services by the banking public. It is also a reward for the diligent commitment of the staff and management of the bank 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.
