FBN Holdings bags World Finance’s Best Corporate Governance Award
.. Declares N59.74bn PAT in 2018 Audited Result
FBN Holdings Plc. has been named the winner of the 2019 Best Corporate Governance in Nigeria Award by World Finance, the voice of the global market renowned for its comprehensive coverage and analysis of the financial industry, international business, and global economy.
The event, which was held recently in London Stock Exchange studio, was organised to provide a comprehensive analysis of the very best across various areas of business endeavours in each market around the world.
Receiving the award on behalf of FBNHoldings, the Group Managing Director, Mr. Urum Kalu Eke said the award is a testament of the group’s giant stride in Financial performance.
“Receiving this award from World Finance basically tells us two things. One: it’s an affirmation of what we are doing in corporate governance, beyond the giant strides we’re making in financial performance. So we see this as an endorsement of the brand, and it’s a bragging right for us. Because again, there are very few institutions in Nigeria that have benefited from this award. We are truly proud to receive this award.”
Recall that since 2007, World Finance has been celebrating the corporate achievement, innovation, and brilliance in their annual awards.
In a related development, FBN Holdings has released its Full Year 2018 statements. The Profit before Tax rose from N54.5 billion in 2017 to N65.2 billion in 2018. This amounts to a 19.6% increase year on year.
Profit after Tax also rose from N45.4 billion in 2017 to N59.7 billion in 2018. This marks a 31.4% increase year on year