First Bank Nigeria (FBN) Ghana for the year 2020, increased its Capital Adequacy Ratio (CAR) from 34.86 percent to 74.62 percent.
This is according to the bank’s Audited Financial Statement for 2020 and spotted by norvanreports.
The significant increase in the bank’s CAR bodes well for FBN Ghana, as this means that the bank has enough capital to absorb potential losses incurred due to bad loans.
Peruse below details of the bank’s financial statement:
Source: norvanreports
