THIS TRANSLATES TO N3.01 PER SHARE, AFTER GETTING SHAREHOLDERS TO AGREE TO A DIVIDEND PAYOUT OF N87.91 BILLION FOR THE SECOND HALF OF THE YEAR

THIS HAS INCREASED TOTAL DIVIDEND PAYOUT TO N2.80 PER SHARE.

THE BANK HAD EARLIER PAID AN INTERIM DIVIDEND OF N0.30 PER SHARE TOTALING N9.4 BILLION FOR THE FIRST HALF OF THE YEAR.

IT PAID SHAREHOLDERS N3.0 PER SHARE, SUMMING UP TO N94.19 BILLION IN 2020.

THE BANK REPORTED N244.4 BILLION PROFIT LAST YEAR, ITS HIGHEST EVER. LAST YEAR’S PROFIT GROWTH RATE WAS, HOWEVER, THE SLOWEST SINCE 2016. THE BANK’S PROFIT GREW AT A MERE 6.5 PER CENT COMPARED TO 10 PER CENT BETWEEN 2019 AND 2020.

THE DIVIDEND IS SUBJECT TO APPROPRIATE WITHHOLDING TAX AND APPROVAL WILL BE PAID TO SHAREHOLDERS WHOSE NAMES APPEAR IN THE REGISTER OF MEMBERS AS AT THE CLOSE OF BUSINESS ON MARCH 25, 2022.

THE REGISTER OF SHAREHOLDERS WILL BE CLOSED ON MARCH 28, 2022 IN PREPARATION FOR THE APPROVAL OF PAYMENT ON APRIL 6, 2022.