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First Bank Grows Profit In Q3, Gears Up For Further Gross Earnings - Business - Nairaland

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First Bank Grows Profit In Q3, Gears Up For Further Gross Earnings by ace2ice(f): 7:49am On Jan 10, 2014
First Bank [FBN Holdings] is expected to maintain a continuing growth in profit for the fourth year running in the 2013 financial year. The company sustained revenue growth during the third quarter and prospects are good for posting one of the highest gross earnings in the banking industry in 2013.
The company posted a net profit of N58.66 billion at the end of the third quarter against the corresponding figure in the preceding year and full year net profit is estimated at N81.5 billion for FBN Holdings for the 2013 operations. This will be an increase of 7.8% over the net profit figure of N75.57 billion the bank posted in 2012. The bank had grown after tax profit by 65.5% in 2012 and has maintained profit growth every year since 2010.
Although there is an industry-wide slowdown in profit growth per interim reports in the 2013 financial year as Asset Management Corporation of Nigeria (AMCON) debits reduced profit margins of banks generally, First Bank nevertheless remains one of the top banks by profit at the end of the third quarter.

more on http://thecitizenng.com/company-review/first-bank-grows-profit-q3-gears-gross-earnings/
Re: First Bank Grows Profit In Q3, Gears Up For Further Gross Earnings by eluquenson(m): 7:58am On Jan 10, 2014
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Re: First Bank Grows Profit In Q3, Gears Up For Further Gross Earnings by ezehokwudili(m): 2:03pm On Jan 10, 2014
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