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For the six months ended June 30, 2022, FCMB Group Plc 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 percent 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 percent in Consumer Finance, 41.9 percent in Investment Management, and 253.8 percent in Investment Banking.
Gross revenue was up 34 percent 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, Mr 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 (8) branches of its retail and commercial banking subsidiary to Solar Power.
