FBN Holdings records 3.9% growth in profit after tax for FY 2019 results

FBN Holdings Plc has released its unaudited consolidated financial statements for full-year 2019. The financial statements demonstrate positive figures across most financial indicators. The breakdown of the report is shown below:

Net Interest Income: The Group generated N286.3 billion in net interest income as at December 2019, compared to N284.1 billion recorded as at the end of the 12 month period of 2018. This represents a slight increase of 0.78%.

Profit Before Tax: As at the end of the fourth quarter of December 2019, the lender recorded N73.6 billion as profit before tax, up from N65.2 billion recorded at the end of December 2018. This represents an increase of 12.7%.

Profit After Tax: The bank recorded a profit of N62 billion for the 12-month period of 2019, compared to N59.7 billion recorded at the end of December 2018, representing a 3.9% increase in profit after tax.

Earnings Per Share: The group's Earnings Per Share stood at N1.65kobo for Full-year 2019 compared to N1.65kobo recorded as at the end of December 2018.