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CHAMPION OF THE DAY
FNB’s profits up by 23.7 percent to $13.3 million
First National Bank (FNB) announced consolidated net profits of $13.3 million in the first nine months of 2012, up by 23.7 percent year-on-year. FNB’s total operating income increased by a yearly 20.7 percent year-on-year to reach $51 million. In parallel, total operating expenses increased by 14.4 percent in the same period to reach $31.3 million.
The bank’s total assets stood at $3.3 billion, up by 17.8 percent since end-2011. Customer deposits also increased by 13 percent compared to end-2011, to reach $2.6 billion.
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Dec 13, 2012
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