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FBNH Declares N51.75bn PAT in Q3 2019 Results | InfoWARE Finance

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FBNH Declares N51.75bn PAT in Q3 2019 Results
(Source: SAMTL, Date: 23-Oct-2019)

 

 

FBNH Declares N51.75bn PAT in Q3 2019 Results



·     FBN Holdings Plc is a financial holding company. Its subsidiaries are engaged in the provision of commercial banking services, investment banking services, insurance business, other financial services, merchant banking and other equity investments.

 

·     Gross earnings of N439.9 billion remained flat year-on-year (y-o-y) (Sep 2018: N441.5 billion)

 

·     Profit before Tax increased by 16.92% to N60.03bn from N51.34bn in Q3 2018; Profit after Tax increased by 28.16% to N51.75bn from N44.89bn in Q3 2018.

 

·     Total assets of N5.7 trillion, up 3.0% year-to-date (y-t-d) (Dec 2018: N5.6 trillion); Customer deposits of N3.7 trillion, up 5.3% y-t-d (Dec 2018: N3.5 trillion);

·     Customer loans and advances (net) of N1.8 trillion, up 8.1% y-t-d (Dec 2018: N1.7 trillion)

 

·     Total Equity increased by 14.0% to N604.93bn from N530.65bn in Q3 2018

 

 

 

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