Details of the corporate results and benefits declared by First Bank of Nigeria Plc;
The Bank reported Gross Earnings of N218.287billion and a Profit Before Tax and exceptional items of N53.799billion, indicating a growth of 40.17 percent and 12.30 percent respectively. However, the Bank wrote off exceptional items worth N26.113billion which reduced the profit before tax to N27.686billion.
In respect of the March 31, 2009 FYE, the Directors are recommending a dividend of N1.35k per share and a bonus of 1 for 6. The date of closure of register of members is July 20, 2009 to July 24, 2009 while payment date is August 24, 2009.
The company’s AGM is scheduled to hold on August 20, 2009.