FCMB to Delay Third Quarter of 2021 Earnings Scorecard
FCMB Plc has announced that the group will not publish its unaudited financial statement for the financial year 2021 at the end of October as expected.
The management said this in a statement signed by the company’s secretary Olufunmilayo Adedibu, submitted to the Nigerian Exchange today ahead of the deadline for listed banks on the local bourse.
It attributes the decision to the board of directors’ decision to audit the account.
“FCMB Group wishes to notify The Nigerian Exchange Group and the investing public that it will not file its nine months (Q3 2021) unaudited results for the period ended 30 September 2021 by the due date of 30 October 2021”.
“This is due to the commencement of the interim audit of the company’s largest subsidiary, First City Monument Bank Limited for the period ended 30 September 2021”, according to the statement.
The management however said the Consolidated third quarter 2021 result of FCMB Group Plc, will be published on or before 29 November 2021.
The period however coincides with the Central Bank plan to roll out the implementation of the Basel III accord, which would according to analysts see many banks scrabble for capital raise. #FCMB to Delay Third Quarter of 2021 Earnings Scorecard
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