the BIG Elephant !
February 3rd, 2008My friends and I are always at daggers drawn on which Nigerian Bank is the biggest in Market capitalization, assets base, profits, earnings and market reach among many other factors.
Well, I am up for the new generation banks because of the impressive strides made in recent times courtesy of the Soludo magical recapitalization. And I am highly bullish on the likes of Zenith, Intercontinental and Oceanic Banks.
However, the BIG ONE, the BIG ELEPHANT, the one and only FIRST BANK OF NIGERIA PLC gave me a nice suprise weekend friday with their fantastic results that are gravity defying. At just nine months ended December 2007 Gross Earnings top 100 billion naira, PBT tops 30 billion naira and PAT tops 25 billion naira.
Let them come. Let the news generation guns come we will crush them! FIRST BANK of Nigeria Plc is really THE BIG ELEPHANT.