FirstBank’s Parent FirstHoldCo Posts 24% Decline in Nine-Month Profit

First HoldCo, the parent company of First Bank of Nigeria, reported a profit after tax of N450.87 billion in the first nine months of the year, down from N533.88 billion in the same period of 2024.

Its net interest income jumped to N1.5 trillion from N873.94 billion, according to its latest financial statements.

The group saw its customer deposits grow to N17.89 trillion as of September from N17.17 trillion in December, while its loan book expanded to N9.56 trillion from N8.77 trillion.