April 30, 2025/CSL Research

Financial Highlights:

• Interest Income: +40.2% y/y to N625.28BN
• Interest Expense: +18.6% y/y to N260.09BN
• Cost of Risk: -6bps y/y to 1.6%
• Cost to Income Ratio: +898bps y/y to 52.3%
• Profit before Tax: -10.4% y/y to N189.48BN

Stock Rating: UR

To read the full report, click on the link below​​

​FBN Holdings Q1 2025 Quick take.pdf​​​​​​​​​​​​​​​​​​​​​​​

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