Headline : FCMB records 186% profit growth, proposes 50k dividend

Read more from the original article on here at www.ripplesnigeria.com.

---

No. of Paragraph 42

For the year ended December 31, 2023, FCMB Group Plc recorded a profit before tax of ₦104.4 billion, a 186% year-on-year (YoY) increase compared to ₦36.6 billion in 2022 and earnings growth across its business segments: Banking Group 212.6%, Consumer Finance 67.3%, Investment Management 40%, and Investment Banking 89.7%.

The group grew deposits, loans, assets under management, revenue and earnings and improved its environmental, social, and corporate governance scorecard.

FCMB Group, which proposed a dividend of 50 kobo per share for its shareholders, contributed to food security and import substitution in Nigeria by increasing lending to the agricultural sector by 38.4% from N147.4 billion in 2022 to N204.3 billion in 2023.

In addition, the Bank supported over 300,000 small holder farmers, 56% of whom were women in agriculture, in rural communities to support the sector. Over $280 million of funding from DFI’s and donor agencies was raised during the year to support the attainment of sustainable development goals in critical sectors of the economy.

Read more from the original article on here at www.ripplesnigeria.com.

Related Headlines : FCMB records 186% profit growth, proposes 50k dividend (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.