FCMB Group’s profit hits N15.4b in H1 2022 | The Guardian Nigeria News - Nigeria and World News

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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 per cent year-on-year growth compared to N8.9 billion in 2021 and double-digit growth across its business segments: 84.2% 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.

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.

In the period under review, the Bank disbursed over 442,000 loans, totalling N21.0 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.

 

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