
Proshare
January 31, 2025 at 07:02 PM
FBN Holdings’ FY 2024 financials show gross earnings of N3.52trn, up 138.09% from FY 2023. The Tier 1 bank's Pre-tax profit rose 142% to N862bn, driven by higher interest income and off-balance sheet investments. Despite an FX loss of N96.43bn and increased operating expenses, net earnings grew significantly. The dividend payment of N14.36bn bolstered retained earnings to N1.30trn.
🔗Full analysis: https://proshare.co/articles/fbn-holdings-fy-2024-report-net-profit-nears-n1trn-as-high-interest-income-offsets-fx-exposure?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates
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