Business FCMB Records a Massive 201% Increase in Profit

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LequteMan

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First City Monument Bank, FCMB on Tuesday released its audited results for the financial year ended 31 December 2016.

The bank reported a massive 201 percent increase in its profit after tax, rising from N4.76billion in 2015 to N14.34bn at the end of 2016.

The finance institution also reported a 9% increase in net interest income, rising from N63.94 billion in 2015 to N69.53 billion in 2016.
 

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