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Nigeria's Finbank posts 94 bln naira pre-tax loss
December 11, 2009 / 1:19 PM / 8 years ago

Nigeria's Finbank posts 94 bln naira pre-tax loss

LAGOS, Dec 11 (Reuters) - Nigeria’s Finbank FIBP.LG on Friday posted a 94.35 billion naira ($630 mln) pre-tax loss for the 11 months to September, hit by provisions and exceptional items totalling more than 120 billion naira.

Gross earnings for the period came in at 59.5 billion naira.

Finbank is changing its financial year to the calendar year in line with a central bank directive to establish a uniform reporting period across the banking sector, meaning year-ago comparisons were not immediately available. (For more Reuters Africa coverage and to have your say on the top issues, visit: ) (Reporting by Oludare Mayowa; Writing by Nick Tattersall)

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