FBC Holdings Limited posts $21.9 million profit in 2016

Financial institution FBC Holdings made an after tax profit of $21.9 million in 2016. The bank announced this when it revealed its financial results for 2016 yesterday. This has been the general trend of banks which made massive profits last year. The after-tax profit for FBC Holdings increased by 21 percent from the previous year when the after-tax profit was $18.1 million.

Group chairman, Herbert Nkala, however, said in the announcement that the economy had “continued to exhibit signs of weakness, principally on account of low domestic production across key sectors.

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