FY 2024: FBN Holdings Increases Profit to N862 Billion as Earnings Spike [Video]

• FBN Holdings Plc.’s gross earnings climbed 113% to N3.33 trillion, while its profit before tax (PBT) surged 142% to N862 billion.
• FBN Holdings Plc’s resilience and ability to deliver value are demonstrated by the strong growth in net interest income
• The growth in fee and commission income was mostly dependent on revenue from money transfers, intermediation, and fees on digital channels

Legit.ng journalist Zainab Iwayemi has 5 years of experience covering the Economy, Technology, and Capital Market.

FBN Holdings Plc. saw a 142% growth in profit before tax (PBT) to N862 billion while gross earnings increased by 113% to N3.33 trillion.

This was disclosed in its year-end December 31, 2024, unaudited group financial statement. Consequently, the group’s standing as one of Nigeria’s top financial institutions was cemented.

Highlights of the findings included a 155% year-on-year (y-o-y) increase in net interest income to …