Tuesday, 4 November 2008

Bank PHB Plc (Nigeria)

Bank PHB Plc announced its results for the 12-month period ended June 30, 2008 and we are pleased to note that its total assets exceeded N1 trillion, 172 per cent higher than last year.

Bank PHB’s total assets plus contingents hit an all time high of N1.15 trillion, 140 per cent more than N479 billion in June 2007.

The growth in assets is similar to that seen throughout the industry growth in the last three years due to the consolidation in the Nigerian banking industry. The bank was formed by themerger of Habib bank and Platinum bank.

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