2025: FIRST HOLDCO Reti of 40.15% of interest in the first quarter

First Holdco Plc recorded a 40.15 percent increase for the year of interest for the first quarter of 2025, hitting N625,281 billion, led by an aggressive growth combination of loans and high interest rates.

The figure, released in its first quarter of 2025, has not increased by N446,146 billion reported in the same period of 2024.

The bank’s loan book expanded by 9.4 percent within the three -month period, growing from N12,07 trillion at the end of December 2024 to N13,205 trillion at 31 March 2025, representing further loans of over n1.13 trillion.

Despite this strong high -level performance, the increase in deposit costs has continued to put pressure on the margins. The expenses of interest increased by 18 % to N260.09 billion, consuming 42 % of the income from total interests.

This marks a slight improvement compared to the cost-gray ratio of 49 % in the first quarter of 2024. Customer deposits, which reached N17.27 trillion of N17.27 trillion after a quarterly growth of N99.2 billion in N99.2, remained the largest engine of interest at N156.43 billion.

However, the bank recorded an increase of 60.99 percent on an annual income basis of net interests at N365.19 billion, already representing over a quarter of its figure of the entire year of 2024. Following a reduction of 11.17 percent of the impairment expenses, the net interest after impairment increased by a surprising 286.2 percent at N327.94 billion.