FCMB Group Plc (FCMB) consolidated on its earlier impressive topline performance, supported by strong growth in earning assets and transaction volumes, in spite of the pandemic and regulatory headwinds. Although we were optimistic about the group’s performance after reviewing its first quarter results, we held a muted outlook stance based on our assessment of the prevailing risks. We are encouraged by the group’s ability to weather the storm, evident in the 9.35% YoY growth in gross earnings to NGN98.18bn.
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