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FICCO’s Financial Performance for 2018

FICCO’s Financial Performance for 2018

“A smooth sea never made a skilled sailor” -Franklin D. Roosevelt

Comparable to that of sailing in rough seas, the 2018 operating year has been very challenging for FICCO. The credit and fee-based operations may have a remarkable performance for 2018 but its treasury operations, with huge exposures in equities, have been hit by investment volatilities, as these are affected by both national and international economic sentiments.

But with strategic planning, tight adherence to budgetary considerations, consistent monitoring of its financial result of operations, additional policy formulations and the continuing patronage of its members, FICCO still manages to give members dividend and a patronage refund.

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