Nigerian Bankers Institute Records 16.9% Revenue Growth
The Chartered Institute of Bankers of Nigeria has reported a 16.9 percent increase in revenue to N2.06 billion in 2022 from N1.76 billion in 2021.
The Institute also stated that its net assets and net operating surplus will increase by 7.3 per cent and 4.9 per cent, respectively, to N6.66 billion and N837.94 million in 2022.
This waa revealed during CIBN’s 2023 Annual General Meeting in Lagos.
Speaking at the event, Mr. Ken Opara, President/Chairman of Council, CIBN, stated that the institute’s financial status has improved due to efficient resource utilisation among other factors.
He said, “I am delighted to inform you that despite the macroeconomic headwinds in 2022, the Institute recorded a modest growth in the financial position.
“The improved performance recorded in the year under review was as a result of efficient utilisation of resources and the deliberate focus on revenue generation drive.
“While appreciating the management of the institute for their efforts, it is important to state that the institute will remain focused and committed to the implementation of our strategic plan.”
Punch/Hauwa Abu
