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Home Business News

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

Nairametrics by Nairametrics
January 25, 2016
in Business News
My Grouse With Buharinomics
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Most valuable banks in Nigeria as of December 2021

  • 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.

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