FCMB Group Plc has recorded a gross income of N199.4 billion and Profit Before Tax (PBT) of N22 billion for the 2020 financial year.

The bank's reviewed result for the 2020 financial year showed income of N199.4 billion, addressing a 10 per cent ascend over N181.3 billion posted in 2019, while PBT rose to N22 billion, up from N20.1 billion recorded in the earlier year.

Visit TradeNaira for more Nigeria Business News.

The bank's overseers suggested a profit of 15k kobo per share, up from 14 kobos pronounced the earlier year.

The bank's store developed by 33% to N1.3 trillion from N943.1billion accomplished in the earlier year while credits/progresses flooded by 15% to N822.8 billion. Likewise, the complete resources of the Group expanded by 23% to N2.06 trillion a year ago.

Its net interest pay rose by 20% to N90.8 billion from N76 billion out of 2019. Non-interest, pay likewise expanded to N37.8 billion as against N34.8 billion accomplished in the earlier year.

The bank's resources under administration (AUM) additionally supported its development, expanding to N495.2 billion while capital sufficiency proportion stayed stable at 17.7 per cent for the retail and business banking auxiliary of the gathering,

The bank's capital ampleness proportion remained at 17.7 per cent, while liquidity proportion remained at 34.2 per cent. Its non-performing advances to add up to credits proportion was 3.3 per cent.

 

One hour ago, Starsight presented a sustainability award to Ecobank for achieving 100 sites.

Do not miss out! Click here for more Nigeria Business News.

#Nigeria Business News #Nigeria today #Trending Nigeria Business News