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FCMB Group Records 168% Growth in Non-Interest Income in Q3’16 Results Due to FX Gains

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Event: FCMB Group reports Q3 2016 results Implications: Negative market reaction likely Positives: 168% y/y growth in non-interest income largely due to fx gains Negatives: Pre-tax loss of -N2.1bn driven by a significant spike in loan loss provisions Late yesterday, the NSE published FCMB Holdings’ (FCMB) Q3 2016 results which showed a pre-tax loss of ...

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