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FBN Holdings PLC FY'16 & Q1'17 - Mixed performances as provisioning ov...
​FBNH released FY’16 and Q1’17 results showing mixed performances across both reporting periods. Whilst the Group recorded strong top line performances across both periods, bottom line was pressured by deteriorating asset quality with loan loss provision coming higher than expected amidst an industry leading NPL ratio (FY’16: 24.4% and Q1’17: 26.0%). For FY’16 numbers, top line was buoyed by a 69% y/y rise in Non-Interest Income (thanks to FX revaluation gains recorded in the earlier...
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