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FMB Group reports US$21 million profit

FMB Capital Holdings Plc (FMBCH), the holding company for First Capital Bank operations in Africa has posted an after-tax profit of US$ 21.3 million for the year ending December 2020 coming from a loss of US$18.6 million in the previous year.
The Group’s subsidiary banks located in Botswana, Malawi, Mozambique, Zambia, and Zimbabwe had a successful year with impressive organic growth due to the Group’s business model, which is built for strong and sustainable performance, said the group in a statement.
Gursahani-We are making good strategic progress
The group said its combined Net Profit before Tax for the 2020 full year grew to US$35,5 million before tax. ....

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FMB Group reports US$21 million profit

FMB Group reports US$21 million Profit
FCB headquarters in Blantyre
FMB capital Holdings Plc (FMBCH), the holding company for First Capital Bank operations in Africa has posted an after tax profit of US$ 21.3 million for the year ending December 2020 coming from a loss of US$18.6 million in the previous year.
The Group’s subsidiary banks located in Botswana, Malawi, Mozambique, Zambia, and Zimbabwe had a successful year with impressive organic growth due to the Group’s business model, which is built for strong and sustainable performance, said the group in a statement.
The group said its combined Net Profit before Tax for the 2020 full year grew to US$35,5 million before tax. ....

Mahendra Gursahani , First Capital Bank , Net Interest For The Group , Holdings Plc , Net Profit , Interim Group Managing Director , Net Interest , Non Funded Income , Operating Expenses , முதல் மூலதனம் வங்கி , ஹோல்டிங்ஸ் ப்ல் , நிகர ப்ராஃபிட் , இடைக்கால குழு நிர்வகித்தல் இயக்குனர் , நிகர ஆர்வம் , அல்லாத நிதியுதவி வருமானம் , இயங்குகிறது செலவுகள் ,