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Skye Bank Declares N0.50k Dividend On N12.6 billion Earnings

By on April 16, 2013

The management of Skye Bank Plc transmitted their 2012 audited financial statements to the Nigerian Stock Exchange today.

The Akin Adesola headquartered bank reported gross earnings of N127 billion, a growth of 25% from the N102 billion reported in 2011.

Profit before tax was reported at N16.5 billion, up a whopping 481% from N2.8 billion it reported in 2011.

Net Income arrived at N12.6 billion, up 692% from the N1.6 billion reported in 2011.

The company’s loan book grew 11% to N540 billion, from N487 billion in the preceding financial year.
The management of the company has proposed a dividend of 50 kobo which is to be paid on the 24th of May.