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FBN Holding Earnings Update -Huge Impairment charges, TP cut down to N3.21, downgraded to Hold

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FBN Holding Plc. (Revised TP: N3.21, Rating: Hold) held its  conference call on the 26th of October, 2016. Please see below the group’s 9M’16 performance update and key highlights from the call. NPLs – still a big concern FBNH impairment charges have been rising rapidly in the past one year. As at 9M’16, FBNH reported ...

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