FBN Holdings’ half-year profit jumps 48%, customer deposits top N6tn

FBN Holdings Plc, the holding company of First Bank of Nigeria Limited, has reported a profit of N56.54 billion for the first half of 2022, up 48.60 percent compared to the same period a year earlier.

Its net interest income grew to N152.91 billion from N103.82 billion in H1 2021, according to its unaudited financial statements released on Friday.

Customer deposits increased to N6.30 trillion in June 2022 from N5.85 trillion at the end of last year, while loans and advances to customers rose to N3.38 trillion from N2.88 trillion.