Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Friday, April 26, 2019 03:50PM
/ by FBN Holdings Plc
FBN Holdings Plc. (“FBNH” or “FBNHoldings” or the “Group”) today
announces its unaudited results for the three months ended 31 March 2019.
Income
Statement
Statement of Financial Position
Key Ratio
Commenting on the
results, UK Eke, the Group Managing Director said:
“We have had a positive
start in the year with earnings heading in the right direction. We remain
committed to achieving our strategic objectives by continuing to improve
revenue generation capabilities and to boost operational efficiencies while
maintaining a rigorous approach to risk management. We continue to leverage our
large customer base and market reach to grow our digital banking proposition,
translating into a 21.8% growth in non-interest revenues. We are also
channelling our efforts towards improving the quality of our risk assets and
forestalling new NPL formation. The rise in our operating expenses resulting
from ongoing transformation initiatives and investments in increased
productivity is expected to reflect in enhanced revenue and efficiencies in the
near term.
“We will continue to
build on the achievements we have made, and we believe that our performance at
year-end will reinforce our commitment to enhancing the financial health of our
businesses and position the Group for a prosperous future. Consequently, we
expect to continue to create value for all our stakeholders by optimising
investments in people, technology and processes.”
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