Merchant bank records N35.5 billion gross earnings

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Fbnquest Merchant Bank News

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FBNQuest Merchant Bank has reported a 43.1 per cent financial growth in gross earnings, totalling N35.5 billion for the 2023 financial year.

Despite navigating a complex economic landscape marked by policy shifts and market volatility, the bank’s profit before tax climbed to N4.09 billion, a 36 per cent rise from the previous year.

During the annual report presentation at the yearly general meeting, which reviewed the year ended December 31, 2023, the Chairman of the Board of Directors, Bello Maccido, praised the bank’s strategic response to the year’s unprecedented challenges. “We are dedicated to purposefully and responsibly driving revenue growth. Our solid financial performance and strategic initiatives position us well for sustained success in a dynamic economic environment,” he concluded.

They also recognised the retirement of Kayode Akinkugbe and Taiwo Okeowo, as Managing Director and Deputy Managing Director, respectively, after eight years of service each.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.

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