- 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.
FBNH Completes Sale Of FBN Microfinance Bank To Botswana Based Letshego Holding
