Bank of Industry Group Grows Profit by 75% to N62billion

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The Bank of Industry Group has said its profit before tax rose by 75 per cent to N62.28bn at the end of December 31, 2021, from N35.54bn recorded in the corresponding period of 2020.

A statement issued from the bank on its financial performance disclosed that the profit for the year under review was N53.41bn in 2021 from N31.59bn in 2020.

The statement noted that the group comprising the Bank of Industry and its subsidiaries, grew its total equity to N384.84bn for the year ended 2021 from N336.48bn in 2020.

Written by: Helen Obih

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