FCMB Group Plc has announced its financial results for the year ended December 31, 2019. The audited results showed that the Group’s gross revenue increased to N188 billion compared to N177.2billion in 2018. The strong performance also manifested in profit before tax, which rose by 9% to N20.1 billion.
Following this, the financial institution has declared a dividend of 14 kobo per share to shareholders.
FCMB Group, a holding company divided along three business groups; Commercial and Retail Banking (First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited and FCMB Microfinance Bank Limited); Investment Banking (FCMB Capital Markets Limited and CSL Stockbrokers Limited) as well as Asset & Wealth Management (FCMB Pensions Limited, FCMB Asset Management Limited and CSL Trustees Limited), also reported appreciable growth in key operating areas going by the audited results.
The financial results also showed that net interest income increased by 5% Year-on-Year…
Source: Linda Ikeji