The bank also announced that it has approved the cash dividend of 2 kobo per ordinary share against 3 kobo in previous year of 2016 and 7k per preference share to shareholders whose names appear in the books of the registrars by 9th May 2018, translating to an aggregate of N125.4million. Its shareholders’ funds also rose from N5.69 billion in 2016 to N5.75 billion in 2017, representing an increase of 0.9 percent.On his part, the bank Managing Director/Chief executive Officer, Olabanjo Obaleye, said the bank in its 12years of operation, has been able to make 4000 people home owners despite bottlenecks and challenges that arose from some of government policies. He said: “We have lot of bottlenecks that tie us down but we have been able to hold our head high above water. The Bank has declared dividend for the fourth year running as a listed company and for the 12th consecutive time since 2006.“We want to ensure that we increase our shareholders wealth and again delight our smaller shareholders that are always interested in dividend, no matter how small it is. We are working with government to ensure that these bottlenecks are removed”

Source: The Guardian May 29, 2018 03:56 UTC