The growth, according to the company, is driven by sustained positive performance across the major lines of business of the group: retail and corporate and institutional businesses.
The group also recorded a 24 per cent increase in profit before tax (PBT) of N1.44 billion, compared to N1.17bn in Q1 2019.
Profit after tax (PAT) also grew by 129 per cent to N1.88 billion, compared to N0.82 billion attained in Q1 2019.
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The company's Managing Director, Mr.
He said strong growth was recorded in the retail life business, which grew by 34% to N10.97bn (Q1 2019: N8.2bn); and an increase of 6% in corporate and institutional business to N6.2bn (Q1 2019: N5.9bn).
Within the period under review, the group's balance sheet improved with total assets growing by 11% to N176 billion compared to N159 billion in
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