First Bank of Nigeria (FBN) Holdings recorded a 9.8% drop in net profit at the end of 2022, despite growing its total earnings and Net Interest Income during the period.
In FBN Holdings’ Separate and Consolidated Financial Statements for the year ended December 31, 2022, released on Friday, First Bank reported that its gross earnings increased by 6.31 per cent.
The company’s gross earnings had closed 2021 with N757.29 billion, however, FBN reported that the total revenue generated last year was N805.12 billion.
