FSDH has prepared a report on both Skye and Oceanic Banks.
Both banks recently released impressive results for the quarter just ended.
Here are a few facts:

Skye Bank Review
- Gross Earnings increased by over 60% to N27.6billion
- Profit Before Tax increased 282% to N7.7billion
- Profit After Tax increased 337% to N7.6billion.
- Bank is vigorously pursuing cost cutting
- Seeking to accept additional 25% of the offer size as a result of over subscription.

Oceanic Bank Report
- Gross Earnings increased 128% to N66.7billion.
- Profit Before Tax increased 151% to N25billion.
- Profit After Tax increased to N20billion
- Improvement in cost structure