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Standard Chartered Widening Interest Margin Lifts Profit to N138bn - InsideBusiness - Business News in Nigeria
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Standard Chartered Widening Interest Margin Lifts Profit to N138bn - InsideBusiness - Business News in Nigeria
Standard Chartered Bank Nigeria Limited significantly increased the average interest on Naira loans and advances, while also reducing the average interest paid to Naira depositors in 2024. With that, the bank multiplied its net profit more than nine times to N138.4 billion in the year, as revenue expanded at all fronts and costs shrank at three levels beyond imagination. While the bank’s interest earnings almost tripled to N178 billion, interest…
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