AFRIBANK Nigeria Plc has recorded a profit before tax of N2 billion for the first quarter ended March 2010 even as the financial institution outlines its growth strategies for the future.

The bank realised the profit from N25 billion Gross Earnings in three months with strong prospects of better returns in the financial year. The return to profitability of the bank as at March 2010 compares with a loss of N39 billion in the corresponding period of last year.