ova Merchant Bank has declared a 43% expansion in profit for full year 2019 on the back of a smooth implementation of its 2019 strategic plan and its determination to rank among industry leaders come 2025.
The lender made the proclamation on Monday in Lagos at its Annual General Meeting (AGM), attended by the Chairman, Phillips Oduoza, the Managing Director, Anya Duroha, the Company Secretary, Nnadozie Ohaji, other members of the board of directors and shareholders.
Oduoza stated that the bank posted considerable improvement across its key performance indices at FY2019 compared to the corresponding period of 2018.
In the period under review, Nova Merchant Bank’s deposits rose by 523%, its total assets by 155% and its loan portfolio by 1,106%.
The lender made the proclamation on Monday in Lagos at its Annual General Meeting (AGM), attended by the Chairman, Phillips Oduoza, the Managing Director, Anya Duroha, the Company Secretary, Nnadozie Ohaji, other members of the board of directors and shareholders.
Oduoza stated that the bank posted considerable improvement across its key performance indices at FY2019 compared to the corresponding period of 2018.
In the period under review, Nova Merchant Bank’s deposits rose by 523%, its total assets by 155% and its loan portfolio by 1,106%.