The Nation Newspaper FBN Holdings declares N270b profit in third quarter
The commercial banking unit posted N922.2 billion gross earnings, which represents 79.8 per cent increase from N512.9 billion it achieved during same period of last year.
The Merchant Banking and Asset Management /FBNQuest recorded gross earnings of N60.6 billion, up 68.7 per cent compared with N35.9 billion it achieved in September, last year while profit before tax stood at N21.0 billion, up 83 per cent as against N11.5 billion it achieved in September, last year. Chief Executive Officer, FirstBank of Nigeria Limited , Dr. Adesola Adeduntan, stated: ”In the nine months ended September 30, 2023, FirstBank Group reported impressive financial results, reflecting sustained growth and resilience of the franchise.
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