Lagos, Feb. 5, 2024 – FBN Holdings recorded N253 billion foreign exchange gains during its 2023 financial year.
This is disclosed in the company’s unaudited consolidated financial statements for the financial year, ended Dec. 31, 2023.
The group recorded N1.52 trillion total revenue during the year out of which N1.42 trillion (93%) was contributed by First Bank of Nigeria, its commercial banking arm.
The group’s profit before tax stood at N362.24 billion, representing 129% increase over the N157.90 billion reported in preceding year.
Its total assets rose to N16.9 trillion from the N10.58 trillion recorded in 2022, a growth of 60% growth.
The group posted an interest income of N917.71 billion in 2023, reflecting a 66% increase from the N551.94 billion posted in 2022. (GBN)
