FCMB Group Plc has announced a pre-tax profit of N117.2 billion for the financial year ending December 31, 2024, marking a 12.32% increase from the N104.4 billion recorded in 2023. The impressive growth is driven by a significant rise in interest and discount income.
Gross Earnings: N794.8 billion, up 53.93% YoY from N516.3 billion in 2023.
Interest & Discount Income: N621.5 billion, reflecting a 75.08% increase from N354.9 billion in the prior year.
Pre-Tax Profit: N117.2 billion, growing 12.32% YoY from N104.4 billion in 2023.
Strong interest income growth from loans and investments.
Increased customer deposits and lending activities.
Robust financial performance despite macroeconomic challenges.
With sustained strong earnings momentum, FCMB Group is well-positioned for continued growth and profitability in Nigeria’s evolving financial landscape.
