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FEATURE: FBN Holdings Plc FY 2016 Results Release

FBN HOLDINGS PLC. REPORTS GROSS EARNINGS OF N581.8 BILLION FOR THE YEAR ENDED 31 DECEMBER 2016

  • Gross earnings of N581.8 billion, up 15.7% year-on-year (Dec 2015: N502.7 billion)
  • Net interest income of N304.4 billion, up 14.8% year-on-year (Dec 2015: N265.2 billion)
  • Operating expenses of N220.9 billion, down 0.8% year-on-year (Dec 2015: N222.7 billion)
  • Profit before tax of N17.1 billion, up 10.3% year-on-year (Dec 2015: N15.5 billion)