Chairman, Board of Directors, First Royal Microfinance Bank Limited, Princes Ibum Obu, has said the Bank has approved a dividend of #0. 018k dividend and recorded a profit after tax as at December 31 2024.
According to Obu this reflects the Bank commitment to delivering value to shareholders while maintaining adequate capital to support growth, regulatory compliance and long term sustainability.
Also Speaking during the AGM held at Marian Hotel Conference Hall, the Acting Managing director and Chief executive Officer, Augustine Ukpabio, said profit after tax in 2024 was N16.458, 085 million while deposit N129 billion, total loan disbursed N526 million, total assets N1.74billion
‘On behalf of the management team, I extend heartfelt gratitude to Board, our Board of directors for their unwavering guidance and strategic leadership, To our esteemed shareholders, we deeply appreciate your confidence and Commitment to our shared vision’
‘My sincere appreciation also goes to our management staff for their hard work and dedication and resilience, which has been instrumental in achieving our milestone, To our customers and partners, your loyalty and Trust remains our greatest motivation.’
‘Finally we acknowledge the Central Bank of Nigeria CBN and other regulatory agencies for their continuous support and oversight. Together we continue to to build a stronger, smarter, and more impact full First Royal Micro Finance Bank Limited’
He said the Board remains committed to maintaining a balance dividend policy that rewards shareholders while ensuring the financial strength and operational capacity of the Bank.
