The Chartered Institute of Bankers of Nigeria (CIBN) reported a 16.9% increase in revenue to N2.06 trillion in 2022 compared to N1.76 trillion in 2021. Its net assets and net operating surplus also rose by 7.3% and 4.9% to N6.66 trillion and N837.94 billion respectively in 2022.

The President/Chairman of Council, Mr Ken Opara, attributed the institute's financial growth to efficient resource utilization and a focus on revenue generation. The National Treasurer, Mrs Mojisola Bakare-Asieru, highlighted the 16.92% revenue increase to N2.06 trillion for 2022.

“This increase was attributable to the improved performance of the various Directorates.

“I must recognize the dexterity of the management of the Institute in achieving 93 percent of the 2022 budget of N2.22 trillion and commit to posting a better performance in the current year.

“The Institute recorded a net operating surplus before impairment and amortization of N837.94 million compared to the 2021 result of N799.17 million.

“This growth in surplus of 4.86 percent was as a result of efficient utilization of . resources and was above the 2022 budget of N711.02 billion.

“The percentage growth would have been more but for a high rate of inflation during the year under review.
“The recurrent expenditure of the institute increased to N1.22 trillion as against N966.57 billion recorded in the preceding year which translated into an increase of 26.89 percent .

source; Vanguardngr.com
https://www.vanguardngr.com/2023/05/cibn-revenue-rises-16-to-n2-06-trn-in-2022/