The Chartered Institute of Bankers of Nigeria, CIBN said its revenue rose by 16.9 per cent to N2.06 billion in 2022 from N1.76 billion in 2021.
The Institute also stated that its net assets and net operating surplus will increase by 7.3% and 4.9%, respectively, to N6.66 billion and N837.94 billion in 2022.
CIBN disclosed these today in its 2023 Annual General Meeting, AGM, in Lagos.
Speaking at the event, the President/Chairman of Council, CIBN, Mr Ken Opara, said that the growth in the institute’s financial position was among other things due to its efficient utilization of resources.
“I am delighted to inform you that despite the macroeconomic headwinds in 2022, the Institute recorded a modest growth in its financial position.
” The improved performance recorded in the year under review was a result of efficient utilization of resources and the deliberate focus on revenue generation drive.
“While appreciating the management of the institute for their efforts, it is important to state that the institute will remain focused and committed to the implementation of our strategic plan.”
Presenting the Financial report for 2022, the National Treasurer CIBN, Mrs Mojisola Bakare-Asieru said:”The total revenue generated for the year ended 31st December 2022 increased to N2.06 billion from the N1.76 billion figure recorded in 2021, resulting in an increase of 16.92 percent.