FCMB Group Plc reported a profit before tax of N111.9 billion for the year ended December 31, 2024, marking a 7.1% year-on-year increase. Gross revenue surged by 53.9% to N794.4 billion, driven by strong growth in interest income and digital revenues, which rose 69.2% to N101.9 billion.

The Group disbursed over N357 billion in digital retail and SME loans and recorded a 59.5% rise in total assets to N7.05 trillion. Deposits climbed 39.4% to N4.3 trillion, while net interest income rose 27.6% to N225.3 billion.

Consumer Finance led profit growth with an 83.5% increase, while Investment Management rose 27.9%. The Banking division, which contributed 69.5% of total PBT, saw a 7.7% decline.

FCMB raised N144.6 billion via a public offer to support its recapitalisation strategy and secure a national banking license, with plans underway to meet CBN’s international licensing requirements.