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First Bank of Nigeria: the institution is making a name for itself in the narrow circle of major banks in Dakar

25/08/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Despite the effect of the pandemic kept the course, First Bank of Nigeria (FBNBank) Senegal, has been growing steadily since 2020. It is carving out a prominent place in the narrow circle of major banks on the Dakar Square

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La filiale Sénégalaise de First Bank of Nigeria ( FBNBank) increased from 72 billion CFA francs in 2020, to 307 billion CFA francs in 2022, an unprecedented increase of 323%. At the end of the 2022 financial year, outstanding loans were set at 116 billion 355 million CFA francs, an increase of 181% compared to 2020. FBNBank recorded return on equity, which increased from 0.2% to 14% between 2020 and 2022, an increase of 14%. Therefore, the bank has also made significant progress over the period 2020-2022

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