FCMB Group Plc
NNSENG:FCMB11.00
NGN
+0.05
(+0.46%)
ISIN
NGFCMB000005
Return %
Stock
S&P 500
1Y
4.27
14.20
3Y
83.33
81.12
5Y
254.84
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Ladipupo O. Balogun
- Full Time Employees
- 4,932
- Sector
- Finance
- Industry
- Regional banks
- Address
- Lagos Nigeria
- IPO Date
- Oct 16, 2007
- Website
- fcmbgroup.com
- Similar Companies
- Business
- FCMB Group Plc is a non-operating financial holding company that provides comprehensive commercial banking, investment banking, asset management, pension fund administration, microfinance, and wealth management services to individual, small and medium-sized enterprise, corporate, and institutional clients. The company operates through several distinct business divisions and operating subsidiaries: Commercial and Retail Banking via First City Monument Bank Limited, offering current, savings, and fixed-term deposit accounts; consumer loans, mortgages, auto loans, and overdraft facilities; working capital financing, term loans, structured trade finance, syndicated credit, and project finance; foreign exchange, interest rate derivatives, liquidity management, and treasury services; international trade services, letters of credit, bills for collection, and bank guarantees; debit, credit, and prepaid payment cards; merchant point-of-sale acquiring and payment gateway solutions; and electronic banking channels including the FCMB Mobile application, FCMBOnline internet banking, and USSD mobile banking; Investment Banking and Capital Markets through FCMB Capital Markets Limited and CSL Stockbrokers Limited, providing debt and equity capital underwriting, initial public offerings, bond issuances, mergers and acquisitions advisory, structured debt solutions, equity brokerage, fixed income dealing, and investment research; Asset Management and Trusteeship through FCMB Asset Management Limited and FCMB Trustees Limited, offering mutual funds, collective investment schemes, discretionary and non-discretionary wealth portfolios, corporate trusteeship, bond trusteeship, estate planning, and custodial agency services; Pension Fund Administration through FCMB Pensions Limited, managing Retirement Savings Accounts, voluntary pension contributions, and retirement benefit administration; and Microfinance and Consumer Lending via Credit Direct Limited, offering digital payroll lending, unsecured micro-loans, education financing, and asset-backed microcredit. Founded in 1982 and restructured into a holding company in 2013, FCMB Group Plc is headquartered in Lagos, Nigeria, maintaining extensive retail branch networks across Nigeria and international banking operations in London, United Kingdom, through FCMB Bank (UK) Limited. In recent operational developments and strategic adjustments, FCMB Group Plc has initiated a comprehensive recapitalization program comprising public offers and rights issues to satisfy the Central Bank of Nigeria's revised capital adequacy requirements for banks with international licenses; secured multiple long-term credit and trade finance facilities from multilateral institutions, including the African Development Bank and the International Finance Corporation, targeted at supporting micro, small, and medium-sized enterprises, agribusinesses, and renewable energy initiatives; expanded its agency banking network to enhance retail financial inclusion across underserved regions; accelerated the digital transformation and platform-based lending capabilities of Credit Direct Limited; and strengthened its pension fund asset under management base through organic growth and consolidation within the Nigerian pension sector.