N'000

Quarter

First Quarter

From

2022-01-01

To

2022-03-31

Gross Earnings

43,015,049.15

Interest Income

32,991,969.84

Interest Expenses

13,881,800.09

Net Revenue From Funds

19,110,169.75

Credit Impairment Charges

2,680,612.41

Exceptional Items

-

Other Income

10,023,079.31

Net Operating Income

26,452,636.65

Operating Expenses

23,119,686.02

Profit/Loss Before Tax

3,332,950.64

Forecast Taxation

266,636.05

Profit/Loss After Tax

3,066,314.59

Cash From Operating Activities

-

Operating Cashflow Before Working Capital Changes

-

Net Cash Generated From Operating Activities

37,237,183.26

Cashflow From Investing Activities

-

46,727,988.77

Cashflow From Financing Activities

-

2,285,679.72

Net Decrease In Net Cash & Cash Equivalents

-

11,776,485.23

Cash/Bank Balance at the Beginning of the Period

202,297,426.97

Cash/Bank Balance at the End of the Period

190,520,941.75

Prepared by

BANIRE SULAIMON

Remarks