{"id":30478,"date":"2022-09-02T11:18:13","date_gmt":"2022-09-02T11:18:13","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/?p=30478"},"modified":"2022-09-01T22:20:00","modified_gmt":"2022-09-01T22:20:00","slug":"fcb-profit-up-37-percent","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent","title":{"rendered":"FCB profit up 37 percent"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>First Capital Bank (FCB) has posted a profit of K7.4 billion in the six months period ended June 30 2022, a published summary of unaudited consolidated and separate results shown. This represents a 37 percent growth in profit when compared to the K5.4 billion the company posted during the same period last year.<\/p>\n

The performance is attributed to the bank\u2019s ability to reduce its total liabilities by 10.5 percent to K284.4 billion in the first half of 2022 from K317.8 billion during the same period last year.<\/p>\n

The statement signed by its Chief Executive Officer Spyridon Georgopoulos and Chairman Terence Davidson describes the first six months of 2022 as challenging.<\/p>\n

\u201cThe headline inflation at 19.1 percent was at the highest point since December 2016. The country continues to experience foreign exchange shortages and high debt levels. The engagements with the International Monetary Fund (IMF) to start the next phase of the extended credit facility have yet to be concluded.<\/p>\n

\u201cNotwithstanding the challenges, the bank performed above expectations in the first half of 2022 driven by growth in the quality lending book, close monitoring of operating expenses and recovery efforts of previously impaired loan assets,\u201d the statement reads.<\/p>\n

It further says: \u201cOur deposit base continues to grow mainly driven by the current and savings accounts. We closed the period with deposits totalling K204.5 billion, a 26 percent increase year on year, giving us an opportunity to deploy funds in quality lending activities. Net loans and advances grew by 16 percent year on year to close the period at K121.7 billion.\u201d<\/p>\n

The bank expects the business environment to remain challenging owing to the recent 25 percent devaluation of the Kwacha and an upward trajectory on food, commodities and fuel prices which will exert pressure on the inflation rate for the rest of the year.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. First Capital Bank (FCB) has posted a profit of K7.4 billion in the six months period ended June 30 2022, a published summary of unaudited consolidated and separate results shown. This represents a 37 percent growth in profit when compared to the K5.4 billion the company posted during the same period last […]<\/p>\n","protected":false},"author":84,"featured_media":30477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,1196,2850,234,5136],"class_list":["post-30478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-first-capital-bank","tag-international-monetary-fund","tag-malawi","tag-terence-davidson"],"yoast_head":"\nFCB profit up 37 percent - Malawi<\/title>\n<meta name=\"description\" content=\"First Capital Bank (FCB) has posted a profit of K7.4 billion in the six months period ended June 30 2022, a published su ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FCB profit up 37 percent\" \/>\n<meta property=\"og:description\" content=\"First Capital Bank (FCB) has posted a profit of K7.4 billion in the six months period ended June 30 2022, a published su ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-02T11:18:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_21.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"890\" \/>\n\t<meta property=\"og:image:height\" content=\"895\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FCB profit up 37 percent\",\"datePublished\":\"2022-09-02T11:18:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent\"},\"wordCount\":307,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_21.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"First Capital Bank\",\"International Monetary Fund\",\"Malawi\",\"Terence Davidson\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent\",\"name\":\"FCB profit up 37 percent - Malawi\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_21.jpg\",\"datePublished\":\"2022-09-02T11:18:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"First Capital Bank (FCB) has posted a profit of K7.4 billion in the six months period ended June 30 2022, a published su ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_21.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_21.jpg\",\"width\":890,\"height\":895,\"caption\":\"FCB profit up 37 percent\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/malawi\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FCB profit up 37 percent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/\",\"name\":\"Malawi\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FCB profit up 37 percent - Malawi","description":"First Capital Bank (FCB) has posted a profit of K7.4 billion in the six months period ended June 30 2022, a published su ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent","og_locale":"en_US","og_type":"article","og_title":"FCB profit up 37 percent","og_description":"First Capital Bank (FCB) has posted a profit of K7.4 billion in the six months period ended June 30 2022, a published su ...","og_url":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent","og_site_name":"Malawi","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-09-02T11:18:13+00:00","og_image":[{"width":890,"height":895,"url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_21.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"FCB profit up 37 percent","datePublished":"2022-09-02T11:18:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent"},"wordCount":307,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_21.jpg","keywords":["Africa Press","Africa Press-Malawi","First Capital Bank","International Monetary Fund","Malawi","Terence Davidson"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent","url":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent","name":"FCB profit up 37 percent - Malawi","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_21.jpg","datePublished":"2022-09-02T11:18:13+00:00","author":{"@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"First Capital Bank (FCB) has posted a profit of K7.4 billion in the six months period ended June 30 2022, a published su ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#primaryimage","url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_21.jpg","contentUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_21.jpg","width":890,"height":895,"caption":"FCB profit up 37 percent"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/fcb-profit-up-37-percent#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/malawi\/"},{"@type":"ListItem","position":2,"name":"FCB profit up 37 percent"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/malawi\/#website","url":"https:\/\/www.africa-press.net\/malawi\/","name":"Malawi","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/30478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/comments?post=30478"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/30478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media\/30477"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media?parent=30478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/categories?post=30478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/tags?post=30478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}