FirstBank Grows Profit After Tax By 107.63% In Q1 2022


The profit after tax of the leading financial institution, FirstBank of Nigeria, has grew significantly by 107.63% Y-o-Y to N32.44 billion in the first quarter of 2022.

NewsBeatng reports that this was contained in its Q1 2022 financial result.

The result also showed that the bank grew Interest Income by 39.67% Y-o-Y to N109.45 billion, from N78.36 billion recorded in the same period of 2021.

Although, the bank’s share price depreciated by 9.09% to close the week at N9.00 with its market capitalization at N323.06 billion at the end of the week. Amid sell-offs and buy-interests, at the end of the trading week.

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