The management of First City Monument Bank (FCMB) has projected that, barring any unforeseen circumstances, the nation’s tier-two bank will realise N45 billion as revenue in the last quarter of 2020.
The bank is expected to make N37.08 billion as interest income while interest expense will be about N18.4 billion, which will leave the bank with a net interest income of N18.7 billion for the last quarter of the year.
The bank expects to realise a net operating income of N27 billion, profit before tax of N4.7 billion just as the profit after taxation will be N4.13 billion for the quarter.
