By Modupe Gbadeyanka
In the 2016 audited financial results released by First City Monument Bank (FCMB) Plc, the financial institution stated that its profit for the year under review jerked up by N9.6 billion from what it made a year before.
FCMB remains one of the most viable banks in the country, having branches across Nigeria, providing financial services to its customers.
In the report analysed by Business Post, it was learnt that the company declared a profit of N14.34 billion in 2016, compared with the N4.8 billion it posted in 2015, representing a growth of 201 percent.
FCMB disclosed that in the year under review, its net interest income stood at N69.54 billion N63.93 billion a year ago, while its total turnover for the year was N176.4 billion in contrast to N152.5 billion it achieved in 2015.
According to the financial statements, the firm declared a net operating income of N33.6 billion in 2016 against N9.9 billion it posted a year before.
Also, its profit before minimum tax and income tax for the year under review stood at N16.3 billion versus N7.8 billion it made in 2015.
FCMB further disclosed in its audited results that as at December 31, 2016, the value of its total assets stood at N1.17 trillion versus N1.16 trillion in 2015.
Adedapo Adesanya 
Dipo Olowookere