Zenith, UBA, GTB, 4 others spend N258.13bn on personnel

Seven deposit money banks (DMBs) in the country spent a total of N258.13billion on personnel in the first six months of the year, H1’20 results released by the lenders show. The figure is 4.1 per cent (N10.7billion) more than the N247.47billion the lenders spent on staff in the corresponding period of last year. The seven banks are Access Bank, Zenith Bank, United Bank for Africa (UBA), Guaranty Trust Bank, Ecobank Transnational Incorporated, Stanbic IBTC Bank and FCMB. New Telegraph’s analysis of the banks’ H1’20 results shows that only ETI reported…

Read more