FCMB Group Plc. has released its financial statements for the year ended December 2017, recording a 29.6 percent drop in earnings before tax from N16.2 billion in 2016 to N11.4 billion in 2017.
Similarly profit after tax fell to N9.4 billion in the review period from N14.3 billion in 2016, representing a decline of 34 percent.
The group’s gross earnings also dropped from N176 billion in 2016 to N169 billion in 2017.
The bank has declared a dividend of N0.10 per share.