Banks’ profit rises above 60% in one year

by | February 7, 2018 12:56 am



Deposit Money Banks (DMBs) profit increased by more than 60 percent in the last one year, mainly driven by increases in interest income. Banking sector net interest income is the difference between the revenue that is generated from a bank’s assets and the expenses associated with paying out its liabilities. Yahaya Shehu, a member of…

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