FBN Holding Plc is reeling from spiraling operating expenses, which means it is less efficient and profitable, and the situation could worsen dramatically over the next five years. The failure of management and board of directors to cut costs has significantly undermined return on equity and ballooned the cost to income ratio. For instance, FBNH’s … Continue reading First Bank is the Least Efficient Lender as Cost to Income Ratio Hits 73.5%