FCMB 2022

First City Monument Bank (FCMB) is a leading Nigerian banking group, headquartered in Lagos. As of December 2019, the bank’s total assets were valued at US$4.4 billion (NGN: 1.7 trillion)
Many of Its subsidiaries are market leaders in their respective segments.

Having successfully transformed to a retail and commercial banking-led group, FCMB has continued to distinguish itself with the delivery of exceptional services, while enhancing the growth and achievement of the personal and business aspirations of our customers.
FCMB got its banking license in 1982 as a merchant bank, with the reputation of the first commercial bank in Nigeria to be established without government support.

From 26 branches in 2005 (pre-consolidation), the bank grew to 150 branches by 2007. FCMB later added more acquisitions and mergers, including FinBank Plc in 2012, Cooperative Development Bank, Midas Bank and Nigerian American Bank. These altogether made FCMB a large bank with over 310 branches across the 36 states of Nigeria. These successful integrations positioned the bank as a truly national bank and one of the largest in the country by branch network.

The bank assumed a holding structure so as to accommodate its growing business interests outside of the core banking, in accordance with the regulations set by the CBN.

The group restructuring which ensued, resulted in FCMB Group Plc becoming the holding company for FCMB Ltd and its subsidiaries.

First City Monument Bank Limited, the flagship company, has approximately 7.1 million customers and 206 branches in Nigeria and a banking subsidiary in the United Kingdom through FCMB Bank (UK) Limited.

The evolution of the group now known as FCMB Group Plc began with stock-broking firm, called City Security Ltd, in 1977. A second company, First City Merchant Bank was licensed in 1982. The bank had its name changed to First City Monument Bank in 2001, following FCMB’s transformation to a universal bank.