Main Street Bank Limited, one of the nationalised banks, has declared a profit before tax of N24.1bn in its group financial performance for the year ended December 31, 2012.

A statement by the bank on Tuesday said the declared result showed a marked improvement in all key financial indices, especially given the bank’s loss position of N4.4bn within the five-month period it operated as at December 2011.

The figures from the result also showed that the bank grew its gross earnings to N47.9bn within the period under review.

Mainstreet Bank posts N24bn profit