• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FCMB Group Records N15.4bn Profit Before Tax In H1

by Olushola Bello
3 years ago
in Business, News
FCMB
Share on WhatsAppShare on FacebookShare on XTelegram

FCMB Group Plc recorded a profit before tax of N15.4 billion, a 73.2 per cent year-on-year growth compared to N8.9 billion in 2021 and double-digit growth across its business segments:

 

Advertisement

For the six months ended June 30, 2022, the group has reported better-than-impressive Earnings, Revenue, Deposits, Loans and Asset Under Management growth, and impressive environmental, social, and corporate governance scorecard.

 

The group recorded a profit before tax of N15.4 billion, a 73.2 per cent year-on-year growth compared to N8.9 billion in 2021 and double-digit growth across its business segments: 84.2 per cent in the Banking Group, 42.7 per cent in Consumer Finance, 41.9 per cent in Investment Management, and 253.8 per cent in Investment Banking.

 

RELATED

nigeria

North Not Marginalised Under Tinubu, Kaduna Gov Insists

2 minutes ago
NHRC Seeks Protection Of Rights Of Older Persons

NHRC Condemns Closure Of Radio Station In Niger

2 hours ago

Gross revenue was up 34 per cent to N126.2 billion from January to June this year, as against N94.2 billion in H1, 2021. These were the highlights of the Group‘s unaudited half-year results released on the floor of the Nigerian Exchange Limited (NGX) on Tuesday, July 26, 2022, in Lagos.

 

Commenting on the half-year financial results, the group chief executive of FCMB Group Plc, Ladi Balogun, said:
“we continue to leverage our unique group structure to enable a technology-driven ecosystem of platforms, customers, partners, talents, and capital to contribute to the sustainable and inclusive growth of the communities we serve.
“We believe that despite the challenging domestic and global environment, FCMB Group is well positioned to sustain its performance trend in financial and non-financial metrics“.In compliance with its commitment to safeguarding the environment, FCMB Group further reduced its carbon footprint by moving eight branches of its retail and commercial banking subsidiary to Solar Power, thus, taking the number of FCMB Limited branches running on renewable energy to 150 (73% of its branch network) – from grid/diesel generators to solar power.
“In the period under review, the hank disbursed over 442,000 loans, totalling N21 billion, to more than 171,000 persons via its digital channels in the first six months of 2022.”
It also gave loans to over 12,000 small businesses, totalling N93.4 billion disbursed through its digital channels in H1, 2022. FCMB‘s focus on financial inclusion and MSMEs has been further bolstered by a $17.3 million funding partnership with Mastercard Foundation to provide affordable loans to 100,000 MSMEs over the next five years with a focus on 90 per cent participation by women.
Customer confidence in FCMB remained strong, as deposits rose by 22.3 per cent to N1.6 trillion in June 2022, Year-on-Year (YoY), from N1.3 trillion achieved in June 2021.
In addition, loans and advances disbursed by the financial institution to customers, including businesses, grew by 22.3 per cent to N1.1 trillion from N916.7 billion. The Group‘s total assets also increased by 18.3 per cent to N2.7 trillion in June 2022, as against N2.2 trillion within the same period last year.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: First City Monument Bank(FCMB
SendShareTweetShare
Previous Post

Nigeria Advances 30GW Generation Initiative By 2030

Next Post

Customs Destroys 48 Containers Of Fake Drugs, Pharmaceuticals

Olushola Bello

Olushola Bello

You May Like

nigeria
News

North Not Marginalised Under Tinubu, Kaduna Gov Insists

2025/08/03
NHRC Seeks Protection Of Rights Of Older Persons
News

NHRC Condemns Closure Of Radio Station In Niger

2025/08/03
VitalSwap Unlocks Global Revenue Channels For African Remote Workers
Business

VitalSwap Unlocks Global Revenue Channels For African Remote Workers

2025/08/03
JUST-IN: CDCFIB Postpones Opening Of Recruitment Portal To July 14
News

Fear Grips NSCDC, FFS, NIS Applicants After Recruitment Portal Update

2025/08/03
JUST-IN: Aviation Minister Sacks All FAAN, NAMA, NCAA, NSIB, NiMET Directors
News

Keyamo Defends N712bn Budget For Lagos Airport Renovation

2025/08/03
Bauchi South Senator Donates Fertilizer To Farmers, Flags Off Livestock Vaccination
News

Bauchi South Senator Donates Fertilizer To Farmers, Flags Off Livestock Vaccination

2025/08/03
Leadership Conference advertisement

LATEST

North Not Marginalised Under Tinubu, Kaduna Gov Insists

Coalition Figures Must Unite To Rescue Kaduna, Strengthen ADC, Says Lukman

NHRC Condemns Closure Of Radio Station In Niger

VitalSwap Unlocks Global Revenue Channels For African Remote Workers

Fear Grips NSCDC, FFS, NIS Applicants After Recruitment Portal Update

Keyamo Defends N712bn Budget For Lagos Airport Renovation

Bauchi South Senator Donates Fertilizer To Farmers, Flags Off Livestock Vaccination

SERAP Gives Niger Gov 48 Hours To Lift Ban On Badeggi FM

Veteran Producer Kayode Peters Buried In Canada Amid Tears

Gov Otu Flags Off Construction Of 10km Road In Ogoja

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.