Shareholders of FCMB Group Plc have approved the payment of N2.97bn dividend, translating to 15 kobo per ordinary share for the year ended December 31, 2020, as against 14 kobo per share in 2019. A statement from the bank titled ‘Shareholders applaud FCMB, approve dividend of N2.97bn at AGM’ said the shareholders gave the approval at the 8th annual general meeting of the group which held virtually on Wednesday. Presenting the report for the year ended December 31, 2020, the Chairman, FCMB Group, Mr Oladipupo Jadesimi, assured that FCMB Group was well positioned to continue to succeed in the years to come, even in the face of the COVID-19 pandemic. The Group Chief Executive, FCMB Group Plc, Mr Ladi Balogun, reported that in spite of the challenging macroeconomic environment, the group grew profit after tax by 13.4 per cent to N19.7bn. He stated, “Our businesses continue to improve with growth in other key indicators, such as loans and advances 14.9 per cent and total assets 23.4 per cent.

Source: Punch April 22, 2021 03:33 UTC