FCMB Group Records N15.4bn Profit Before Tax In H1

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For the six months ended June 30, 2022, the group has reported better-than-impressive Earnings, Revenue, Deposits, Loans and Asset Under Management growth,

Commenting on the half-year financial results, the group chief executive of FCMB Group Plc, Ladi Balogun, said:

“We believe that despite the challenging domestic and global environment, FCMB Group is well positioned to sustain its performance trend in financial and non-financial metrics“.

It also gave loans to over 12,000 small businesses, totalling N93.4 billion disbursed through its digital channels in H1, 2022. FCMB‘s focus on financial inclusion and MSMEs has been further bolstered by a $17.3 million funding partnership with Mastercard Foundation to provide affordable loans to 100,000 MSMEs over the next five years with a focus on 90 per cent participation by women.

Source: News Formal (newsformal.com)

 

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