Last 9.30 NGN
Change Today +0.38 / 4.26%
Volume 39.7M
As of 6:00 AM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

fbn holdings plc (FBNH) Snapshot

Open
9.03
Previous Close
8.92
Day High
9.42
Day Low
9.25
52 Week High
07/2/14 - 16.52
52 Week Low
12/18/14 - 7.40
Market Cap
303.5B
Average Volume 10 Days
40.8M
EPS TTM
2.05
Shares Outstanding
32.6B
EX-Date
05/5/14
P/E TM
4.5x
Dividend
1.10
Dividend Yield
11.83%
Current Stock Chart for FBN HOLDINGS PLC (FBNH)

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fbn holdings plc (FBNH) Details

FBN Holdings Plc, together with its subsidiaries, provides commercial banking, investment banking, insurance, corporate banking, and other financial services primarily in Nigeria. It operates through Commercial Banking Business Group, Investment Banking and Asset Management Business Group (IBAM), Insurance Business Group, and Other Financial Services Business Group segments. The Commercial Banking Business Group segment offers various banking products and services to individual and corporate clients/customers, including institutional banking, corporate banking, commercial banking, personal banking, public and private sector banking, and correspondent banking services; pension fund custody services; mortgage services; and warehousing and asset management services to licensed pension fund managers. This segment serves approximately 8.5 million customers through a distribution network of 760 bank locations, 2,437 ATMs, and 13,283 point of sale terminals. The IBAM segment arranges finance; provides strategic advice; manages funds, as well as sells investment and risk management products; offers specialist portfolio and fund management services; provides investment banking and asset management services; and offers principal investing/private equity services, as well as trustee and agency services. The Insurance Business Group segment underwrites life and general insurance products, as well as provides insurance brokerage services. The Other Financial Services Business Group segment offers microfinance services to the mass-market retail segment. FBN Holdings Plc was founded in 1894 and is based in Lagos, Nigeria.

9,563 Employees
Last Reported Date: 04/29/14
Founded in 1894

fbn holdings plc (FBNH) Top Compensated Officers

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Executives, Board Directors

fbn holdings plc (FBNH) Key Developments

FBN Holdings Plc Reports Consolidated and Company Earnings Results for Nine Months Ended September 30, 2014

FBN Holdings Plc reported consolidated and company earnings results for nine months ended September 30, 2014. For the period, on consolidated basis, the company’s interest income was NGN 255,722 million against NGN 239,164 million a year ago. Net interest income was NGN 176,491 million against NGN 172,433 million a year ago. Operating profit was NGN 73,148 million against NGN 68,981 million a year ago. Profit before tax was NGN 73,748 million against NGN 70,071 million a year ago. Profit from continuing operations was NGN 55,626 million against NGN 59,085 million a year ago. Profit attributable to owners of the parent was NGN 55,281 million against NGN 58,660 million a year ago. Net operating income was NGN 247,337 million against NGN 224.1 billion a year ago. Basic EPS was NGN 2.27 against NGN 2.43 a year ago. Post-tax return on average equity was 15.4% against 17.8% a year ago. Post-tax return on average assets was 1.8% against 2.3% a year ago. For the period, the company’s interest income was NGN 2,584 million, net interest income was NGN 2,584 million, operating loss was NGN 4,348 million, loss before tax was NGN 4,348 million, loss from continuing operations was NGN 4,348 million and loss attributable to owners of the parent was NGN 4,348 million.

Court Orders BGL Plc to Pay NGN 1.4 Billion to First Bank of Nigeria Plc

JUSTICE Mohammed Idris of the Federal High Court, Lagos has ordered a firm, BGL Plc to pay NGN 1.4 billion to First Bank of Nigeria Plc. While delivering judgment in a suit filed by BGL against First Bank, the judge held that on the balance of probabilities, the bank was entitled to judgment for the credit facilities it advanced to the BGL. BGL Plc, BGL Securities Limited and Albert Okumagba had jointly dragged the bank before the court, seeking the award of NGN 167.097 million against the bank for alleged breach of contract in respect of a NGN 2 billion margin loan. In his judgment, Justice Idris referred to a letter written to the plaintiffs by the bank on the need for the plaintiffs to provide additional funds to correct the shortfall of 20.335 when the margin facility fell from 130% to 109.67%. The judge added that by the letter, the bank had clearly exhibited its willingness to make the plaintiffs to shore up the value of the facility, and that the failure of the plaintiffs to heed the advise could not be visited on the bank.

FBN Holdings Plc Announces Consolidated and Company Earnings Results for the Six Months Ended June 30, 2014

FBN Holdings Plc announced unaudited consolidated and company earnings results for the six months ended June 30, 2014. For the period, the group reported interest income was NGN 164,859 million against NGN 150,730 million a year ago. Net interest income was NGN 115,163 million against NGN 112,738 million a year ago. Net interest income after impairment charge for credit losses was NGN 108,505 million against NGN 102,819 million a year ago. Operating profit was NGN 47,732 million against NGN 54,255 million a year ago. Profit before tax was NGN 48,252 million against NGN 54,810 million a year ago. Profit for the year from continuing operations was NGN 37,180 million against NGN 45,779 million a year ago. Profit attributable to owners of the parent was NGN 37,146 million against NGN 45,975 million a year ago. Basic EPS was 229 kobo against 284 kobo a year ago. Return on average equity was 15.7% against 20.6% a year ago. Return on average assets was 1.9% against 2.8% a year ago. For the period, the company reported interest income was NGN 2,167 million against NGN 254 million a year ago. Net interest income was NGN 2,167 million against NGN 254 million a year ago. Net interest income after impairment charge for credit losses was NGN 2,167 million against NGN 254 million a year ago. Operating loss was NGN 1,060 million against profit of NGN 33,271 million a year ago. Loss before tax was NGN 1,060 million against profit of NGN 33,271 million a year ago. Loss for the year from continuing operations was NGN 1,060 million against profit of NGN 33,243 million a year ago. Loss attributable to owners of the parent was NGN 1,060 million against profit of NGN 33,243 million a year ago.

 

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