EARNINGS ALERT – Wednesday, 25 April, 2018

FBN HOLDINGS PLC released its audited 2017 results with EPS of N1.21 (N0.39 in 2016), to pay 25 Kobo dividend (20 Kobo in 2016). Please find attached the full result of FBN HOLDINGS PLC as released on the NSE and see key highlights below:

  • Gross earnings grew marginally by 2.34% to N595.44bn in 2017 from N581.83bn in 2016.
  • Net interest income grew by 8.89% to N331.52bn in 2017 from N304.44bn in 2016.
  • Impairment charges for credit losses declined significantly by 33.45% to N150.42bn, from N226.04bn recorded in 2016
  • Operating expenses increased by 10.39% to N132.49bn.

Corporate Action
Proposed Dividend                          25 kobo
Closure Date                                   4th May 2018
Payment Date                                 16th May 2018
AGM Date                                       15th May 2018

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