1Q2024: First Capital Bank records 40% revenue growth to $20.5m, improving capital adequacy ratio to 35% and non-performing loans ratio to 7%.
1Q2024: First Capital Bank records 40% revenue growth to US$20.5m, driven by net interest & non-funded income. Despite 12% operating expenses increase, the bank's capital adequacy ratio is at 35%, above the 12% threshold. Non-performing loans ratio improved from 13% to 7%. The bank secured an additional US$15m line of credit from the African Development Bank, taking its total facilities to US$48.5m.
May 24, 2024
3 Articles