By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-One of Nigeria’s strongest lenders, First City Monument Bank Plc (FCMB) on Tuesday reported its profit before tax (PBT) grew 15.3 percent to N5.569 billion in its first quarter (Q1) report for the period ended March 31, 2014 compared to N4.832 billion in the same period of 2013.

Profit after tax (PAT) also climbed upwards same margin of 15 percent from N4.199 billion in the Q1 of 2013 to N4.826 billion in the review period of 2014.

Gross earnings increased by 8 percent to N33.819 billion in the first quarter of 2014 compared to N31.414 billion in the corresponding period of 2013.