Various Deposit Money Banks in the nation will close a large number of what they portrayed as unprofitable branches as the economic recession keeps on gnawing harder.
It was likewise assembled that the majority of the banks would lay off many workers
between now and December.
The disclosure came scarcely 24 hours after Unity Bank Plc laid off around 300 workers, more than the 220 that was said a week ago.
Diamond Bank Plc, Ecobank and Skye Bank Plc had before in the year sacked more than 3,000 individuals from their workforce.
An Executive Director in one of the banks that as of late solicited some from its workers to go said "We may need to close such branches before the year closes. I know various different banks that are arranging something comparative."
The log jam in the economy, which has prompted a high rate of non-performing advances in the managing an account framework, made four banks to lose in any event N17bn in benefits in the main quarter of this current year.
In particular, Ecobank Transnational Incorporated, Guaranty Trust Bank Plc, Unity Bank Plc and Diamond Bank Plc recorded a joined decrease of N17bn in their benefits before duty for the three months finished March 31, 2016, when contrasted and the relating time of 2015, as per the aftereffects of the monetary foundations posted on the site of the Nigerian Stock Exchange.
At the point when contrasted and the PBT of N30.52bn, N32.65bn, N4.26bn and N7.94bn recorded by the banks in the primary quarter of 2015, the consolidated PBT of the four banks dropped by N17bn from N75.4bn in the principal quarter of a year ago to N58.4bn in the same time of this current year.
While Ecobank's PBT tumbled from N30.52bn in the main quarter of 2015 to N20.63bn in a comparable time of this current year, GTBank's dropped from N32.65bn to N30.68bn. That of Unity Bank dropped from N4.26bn to N1.05bn, while Diamond Bank's descended from N7.94bn to N6.04bn.
As far as their profit after tax, the four banks recorded a decrease of N14bn.
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