VFD Group Secures N11.2 Billion Profit in 2024 Amidst Global Economic Shifts

VFD Group Plc, parent company of VBank, has announced a remarkable turnaround with a pre-tax profit of N11.2 billion for the 2024 financial year. This significant gain reflects a strategic transformation and focus on operational excellence that propelled the company from a pre-tax loss in 2023 to impressive financial performance in 2024. The success was fueled by key initiatives like expanding investment portfolios and optimizing operational efficiency, allowing them to weather global macroeconomic challenges.