FBN Holdings to intensify effort on loan recovery, forestall new NPL - Vanguard News

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FBN Holdings to intensify effort on loan recovery, forestall new NPL vanguardngr.com vanguardnews

FBN Holdings Plc has said it would intensify effort to recover all outstanding legacy loans as well as forestall the formation of new Non-Performing Loans, NPLs, in its loan book. The bank also declared N9.3 billion dividends, which translates to 26kobo per share, for the financial year ended December 31, 2018.

Otudeko assured that the bank has mapped out strategies aimed at ensuring enhanced value creation for the shareholders. “We are not resting on our laurels, and our renewed approach to synergy and innovation will be major drivers to unlocking earnings potential for our group. We believe that our efforts to integrate our offerings and provide end-to-end solutions for our customers will create a competitive advantage in our markets,” he said.

 

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