Shareholders of FCMB Group Plc unanimously approved the payment of a dividend of N2.97 billion, translating to 15 kobo per ordinary share for the year ended December 31, 2020, as against 14 kobo per share the previous year.
The shareholders gave their approval at the 8th Annual General Meeting (AGM) of the group held on April 21, 2021, at its corporate head office in Lagos.
The AGM was held virtually due to the prevailing COVID-19 (coronavirus) pandemic and streamed live to shareholders of the financial institution.
Speaking at the AGM, the Emeritus Coordinator of Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, said: “The fact that it has been able to meet all its financial obligations to its creditors is a very good sign of strength. It also shows the seriousness of the management to remain worthy of doing business with.”
The National Coordinator of Pragmatic Shareholders Association of Nigeria Mrs Bisi Bakare, said: “We are impressed by the digital transformation drive of FCMB which has impacted positively on customer service and financial inclusion.”
Presenting the report for the year ended December 31, 2020, the Chairman, Oladipupo Jadesimi, assured that FCMB Group is well-positioned to continue to succeed in the years to come, even in the face of the COVID-19 pandemic.
The Group Chief Executive of FCMB Group Plc, Mr Ladi Balogun, reported that in spite of the challenging macroeconomic environment, the Group grew profit after tax by 13.4% to N19.7bn.
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