FCMB Group Plc, the holding company of First City Monument Bank Limited and its subsidiaries, in its nine months financial result ended 30 September 2013, has posted a profit after tax of N12.784 billion form N10.546 billion reported in the comparable period of 2012; while profit before tax for the period stood at N14.7 billion, an increase of 21 per cent compared to September 2012’s N12.1 billion. The unaudited International Financial Reporting Standards (IFRS)-compliant group results submitted to the floor of the Nigerian Stock Exchange (NSE) on Wednesday 30 October 2013, also showed that the Group recorded gross income of N96.6 billion, an increase of 14 per cent year-on-year (YoY) from N84.7 billion for the nine-months ended 30 September 2012. On the balance sheet side, the Group achieved a 12 [per cent  YoY growth in customer deposits to N690.6 billion, which also represented a 15 per cent growth on the second quarter’s deposit volume. Loans and advances also rose by 21 per cent YoY and 13 per cent quarter on quarter ( QoQ), to N439.4 billion as at 30 September 2013; while the Group’s total assets increased by 8 per cent to N978.6 billion from the N908.5 billion recorded in December 2012. Cash and balance with central banks rose to N115.531 billion; from N88.806 billion; loans to banks  grew from N92.536 billion to N112.895 billion; while loans and advances to customers stood at N439.381 billion from N357.798 billion. Further analysis of the group’s nine-month results highlighted a 19 per cent YoY growth in net interest income to N41.1 billion from N34.5 billion, for nine-months 2012. Net provisions for risk assets and other known losses was N3 billion compared to N0.7 billion, for the same period in 2012. The Group also closed the period under review with key ratios showing that non-performing loans to total loans ratio reduced to 2.7 per cent from the 3.6 per cent  recorded for the half-year 2013 and 5 per cent for the same period in  2012. Net Interest Margin, at 7.8 per cent also increased by 9.3 per cent from the 7.1 per cent recorded for the nine months ended 30 September 2012. Loan to deposit ratio also increased to 63.6 per cent compared to 59.0 per cent recorded as at 30 September 2012; while cost to income ratio decreased to 71.2 per cent, against the 75.6 per cent for September 2012.