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FCB targets value preservation

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FIRST Capital Bank (FCB) says it will exercise caution in its balance sheet expansion to ensure that a sufficient cushion is maintained on its liquidity and capital position.

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The bank’s total assets grew by 30,5 percent to $30,3 billion during the 12 months to December 31, 2021. This was driven by the joint impact of real growth on core business assets and revaluation adjustments on fixed properties and investments, FCB managing director Ciaran McSharry said in a statement accompanying results.

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