deposit 5000
slot deposit 5000
slot gacor situs toto
togel online
toto 4d
situs slot toto 4ddemo slot gacorslot 88
slot gacor slot gacor
slot gacor
brenjitu
slot gacor
situs toto
situs toto
SITUS TOTO
situs toto
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot gacor
slot pulsa
hongkong lotto
slot gacor
brenjitu
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
slot 4d

FBN Holdings reports N362.24bn unaudited pre-tax profit

Alex Omenye
Alex Omenye

Bisola David

The unaudited condensed financial statements for FY 2023 have been released by FBN Holdings. The company declared a N362.24 billion profit before taxes for the year, a 129% increase over the N157.90 billion it reported for FY 2022.

The Times reported that the company recorded interest income of N917.71 billion for the fiscal year 2023, a 66% increase over the N551.94 billion reported for the same period the previous year. Due to currency disparities in the translation of its overseas operations, the group’s gain of N251.10 billion was principally caused by naira’s depreciation.

The company reported a pre-tax profit of N91.91 billion for the fourth quarter of 2023, a 75% increase from the same period the previous year.

In FY 2023, the group’s total assets increased to N16.90 trillion, representing a 60% growth from the N10.58 trillion total assets reported in FY 2022.

The total assets of the group rose to N16.90 trillion in FY 2023, a 60% rise from the N10.58 trillion total assets reported in FY 2022.

Ninety-three per cent (N1.42 trillion) of the group’s total revenue (N1.52 trillion) in FY 2023 came from the commercial banking group, First Bank of Nigeria Limited.

The group’s investment securities rose from N2.32 trillion in FY 2022 to N3.05 trillion in FY 2023, a 31% increase. While its deposits from customers in FY 2023 increased by 53% to N10.87 trillion from N7.12 trillion in FY 2022.

On Sunday, Femi Otedola was announced as the new Chairman of FBN Holdings Plc, as he holds a most significant individual shareholding of 5.57% in the bank. However, the most substantial shareholder is Barbican Capital Limited with a 13.61% shareholding.

Key Highlights FY 2023 (FY 2022, % Change):

Net interest income: N530.03 billion (N363.25 billion, +46%)
Net interest income after impairment charge for losses: N329.59 billion (N294.63 billion, +12%)
Net fee and commission income: N171.81 billion (N117.97 billion, +46%)
Operating profit: N361.81 billion (N157.73 billion, +129%)
Profit before tax: N362.24 billion (N157.90 billion, +129%)
Profit for the period: N309.89 billion (N136.17 billion, +128%)
Earnings per share: N8.56 (N3.74, +129%)
Total comprehensive income for the period: N721.68 billion (N126.74 billion, +467%)
Loans and advances to customers and banks: N8.32 trillion (N5.01 trillion, +66%)
Total assets: N16.90 trillion (N10.58 trillion, +60%)
Total equity: N1.70 trillion (N995.74 billion, +71%)
Return on equity: 23.00% (14.52% +848 bps)


Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

situs totoslot thailand situs totoslot gacor situs toto slot online situs toto demo slot gacor situs slot gacorsitus 4d situs totoslot gacorslot gacorslot gacorslot gacorslot gacor
slot gacor
slot gacor situs toto
togel online
toto 4d
situs slot slot demo pgslot 88
slot gacor slot gacor
slot gacor
brenjitu
situs toto
situs toto
SITUS TOTO
toto macau 4d
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot pulsa
hongkong lotto
slot gacor
slot gacor
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
situs totoslot gacordemo slot situs slot gacor
slot66
slot gacor
situs slot gacor
slot gacor
scatter hitam
scatter hitam
slot gacor scatter hitam
scatter hitam
situs slot gacor pulsa
situs baru slot gacor
error code: 521 error code: 521 ?> error code: 521 error code: 521
Hacklinkbetsat
betsat
betsat
holiganbet
holiganbet
holiganbet
Jojobet giriş
Jojobet giriş
Jojobet giriş
casibom giriş
casibom giriş
casibom giriş
xbet
xbet
xbet
grandpashabet
grandpashabet
grandpashabet
tuzla evden eve nakliyat
İzmir psikoloji
creative news
Digital marketing
radio kalasin
radinongkhai
gebze escort
grandpashabet
grandpashabet
jojobet
jojobet güncel giriş
casibom güncel giriş
jojobet
sultanbeyli çekici
beylikdüzü escort
setrabet
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler 2024
instagram followers buy
casinolevant
betnano giriş
onwin güncel giriş
casibom
casibom
Meritking
meritking
deneme bonusu veren siteler 2024
ultrabet