Inspite of the financial improvement recorded by the First City Monument Bank Group, (FCMB Holdings Plc), reflected in its half year ended June 30th, 2018 financial results, the company’s bad loans otherwiswe known as non performing loans (NPLs), has risen from its previous position of ₦5.22 billion, to N6.16 billion presently. The results of the […]
Read More
FCMB Bank (UK) Limited has obtained a banking permission to expands its banking services to include personal and business banking services. The permission was granted by the Prudential Regulation Authority and became effective on the 8th of June 2018. According to a statement from the lender, based on the approval, FCMB Bank (UK) Limited is […]
Read More Records N6.5 billion gross profit loss The Central Bank of Nigeria (CBN) has slammed a total sum of ₦28.3 million fines as sanction against First City Monument Bank (FCMB), Plc, over its late disclosure to the apex bank about the retirement of its former Group Managing Director, Mr. Ladi Balogun, among contraventions perpetrated by the […]
Read More FCMB Group Plc has completed the acquisition of an additional 60 percent equity stake in Legacy Pension Managers Limited (Legacy). The acquisition, which increases the holding company’s interest in the company from 28.2 percent to 88.2 percent, was concluded at the Completion Board Meeting of Legacy on yesterday in Abuja. The acquisition which follows the […]
Read More
