The Infrastructure Bank Plc (TIB) has announced N973 million as profit before tax for its 2014 financial year.
Its Chairman, Alhaji Lamis Dikko, stated this in his Annual Report at the bank’s Annual General Meeting at Transcorp Hotels, Calabar.
He said the figure showed a marginal improvement over its 2013 profit of N875 million.
He said a strong set of results posted by TIB last year fostered what he called a trend of positive performance by the bank.
Dikko said the performance of the economy last year also determined the bank’s profit in the financial year.
He said: “In 2014 the Nigerian economy faced several challenges some of which were heightened by the fall in oil prices.
“Conversely our pipelines of opportunities increased, a function of the bank’s increasing stature in the market and the significant latent demand for infrastructure assets development nationwide.”
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