FBN Holdings: Q2 20 results: Improved funding costs and fee income cushion devaluation impact
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Cheaper retail deposits lower the cost of funds, while increased e-banking volumes boosted fee income
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Impairment charges surged as a result of the translation impact of foreign currency loans
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Asset quality continues to improve and CAR strengthens following Tier 1 capital injection
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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