Analysts at FBN Capital, a firm of investment bankers, have projected a rebound in the performance of some banks despite the discouraging prediction for the nation’s banking sector in the second half of the year 2015.
According to the analysts, Stanbic IBTC will show a rebound in profits from a depressed first quarter 2015. They also predicted that two banks, Access Bank and United Bank for Africa, (UBA) are currently tied as the most attractive in the banking sector.
This report was contained in the 2015 second quarter result preview released last weekend.
In the preview, the analysts said they expect a better performance for Nigerian banks in the second quarter results for 2015 after most of these banks posted good result in first quarter 2015 results.
However, the analysts said with good results for a number of Nigerian banks in first quarter 2015, they expect a high degree of normalization in their second quarter 2015.
