In Q1:2020, FBN Holdings Plc (FBNH) achieved an impressive topline growth of 14.50% YoY to NGN159.68bn. This performance was however, totally supported by non-interest earnings as interest income trailed its Q1:2019 by 4.22% (to NGN104.91bn). Interest income was dragged by the sharp drop (-76.71% to NGN2.50bn) in income from placements with banks, as well as the 11.01% decline income from investment securities (to NGN38.45bn).
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