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FBN Holdings PLC (FBNH)

Lagos
Currency in NGN
Disclaimer
23.30
0.00(0.00%)
Delayed Data

FBNH Price Commentary

I can't understand why first bank isn't reflecting
The reason is obviously the non performing loans in its balance sheet. It is excessively high at above 13%. Regulatory threshold is 5%. Another consideration is the considerable weakened internal capacity of the institution to generate net cash flow. This is dangerous particularly as capital is being eroded year on year due to loan loss provisions. Past performance is truly not important in investing decisions.
First Bank has been one of the strongest bank in nigeria. Reason for its poor share performance is not really understood
The unstable environment prevalent in Nigeria might be the principal cause.
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