Less than a minute
135 words
5 views
- FBNH has finally completed the sale of FBN Microfinance Bank to Letshego Holdings a Botswana based Financial Institution
- The Bank announced last December that it has applied for SEC approval for the deal
- The company has obtained board approval to dispose of the unit in 2014 and scheduled June 2015 for effective sale
- FBN Microfinance Bank contributed 1.6% to the Group’s Gross Earnings in 2014. It reported a gross earnings and profit before tax of N1.3 billion and N283 million respectively for the period.
The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.