Finance
FCMB Board of Directors Approves 2021 Budget of the Group
Following the Board of Directors’ meeting held by FCMB Group on Friday, December 4, 2020, the Board considered and approved the bank’s consolidated financial budget for 2021.
In the statement released on Monday, the bank said “At the Board of Directors’ meeting of FCMB Group Plc which held today Friday, December 4, 2020 at 11.00 am via Microsoft Teams, the Board considered and approved the consolidated Financial year 2021 Budget of the Group.”
This was after the board approved the bank’s earnings projection for the first quarter of 2021.
The Group predicted that its gross earnings will decline from N48.3 billion filed in the third quarter of 2020 to N44.476 billion in the first quarter ending 31, March 2021.