FCMB - Faulks Road
Client Reviews on FCMB - Faulks Road
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First City Monument Bank (FCMB) Limited is a member of FCMB Group Plc, which is one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments. Having successfully transformed to a retail and commercial banking-led group, FCMB expects to continue to distinguish itself by delivering exceptional services, while enhancing the growth and achievement of the personal and business aspirations of our customers.First City Merchant Bank is licensed in 1982, becoming the first local bank in Nigeria to be established without government support.Name change from First City Merchant Bank to First City Monument Bank in 2001, following FCMB’s transformation to a universal bank.Private placement of shares raises over N7bn, followed by conversion to public liability company in 2004.Lists on the Nigerian Stock Exchange in the same year.Through an initial public offering in 2005, FCMB raises over N16bn towards the N25bn share capital target stipulated by the Central Bank of Nigeria, becoming one of only 25 banks to achieve this target.FCMB acquires Cooperative Development Bank, Midas Bank and Nigerian American Bank (for Nigerian subsidiary of Bank Boston).From 26 branches in 2005 (pre-consolidation), the bank grows to 150 branches by 2007. The bank attracts sizeable foreign shareholding. Tier 1 capital raised through public offering from just over N31bn to N133bn.Strategic alliance with Sabre Capital Worldwide (Mauritius) Limited.FCMB completed the acquisition of FinBank Plc in February 2012 and subsequently merged with FinBank in October 2012.In June 2013, FCMB assumed a holding structure in accordance with the regulations set by the Central bank of Nigeria. The group restructuring which ensued, resulted in FCMB Group Plc becoming the holding company for FCMB Ltd and its subsidiaries.In 2014, FCMB (UK) Limited obtained a wholesale banking license to operate in the United Kingdom.FCMB launches inaugural domestic bond - 7 year N26bn Tier 2 bond to bolster its capital adequacy ratio and for general banking purposesIn 2018, FCMB (UK) Limited obtained a personal and business banking license in United Kingdom
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Excellent service to customer
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a nice banking environment, though they piss me off with their slow services at times
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