Tag Archives: FBN HOLDINGS

The Nigerian Stock Exchange (NSE), has sanctioned some banks along other listed companies on the exchange for failing to meet the deadline for the submission of their audited report and accounts for last year. The list of the affected listed companies indicated that FBN Holdings Plc – the holding company for First Bank of Nigeria and its former subsidiaries – …

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For the nine months ended September 30, 2017, FBN Holdings has announced Profit after tax of N45.8 billion, up 7.8 per cent when compared with N42.5 billion recorded in 2016. Gross earnings is  N439.2 billion, up 5.2 per cent as against N417.4 billion in 2016 while Net-interest income is  N254.3 billion, up 25.3% y-o-y (Sept 2016: N202.9 billion) Also, operating expenses stood at  N175.3 billion, up 8.4% y-o-y (Sept …

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FBN Holdings is seeing for the third year running a divergence of growing revenue and declining profits. Underlying these trends are two major cost lines of the bank that are warring against its bottom line. One is loan loss expenses in the face of growing non-performing loans and the other is interest cost.  In the past two years, the bank …

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