FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings recorded a 312.5 percent year-on-year increase in profit before tax (PBT) in 2022.
The bank said the growth in PBT was driven largely by a 137.7 percent increase in net interest income and a 34.4 percen
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
