First City Monument Bank

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First City Monument Bank Ltd (FCMB)
Company typePublic: NSE: FCMB
Headquarters
Lagos Island, Lagos, Lagos State
,
Nigeria
Area served
Nigeria
United Kingdom
Key people
Oladipupo Jadesimi
Chairman
Ladi Balogun
Group Chief Executive
Yemisi Edun
Managing Director
ServicesBanking
WebsiteHomepage

First City Monument Bank (FCMB), a member of FCMB Group Plc. It is a financial services holding company headquartered in Lagos, Nigeria.

History

First City Monument Bank was established in 1977 by Oloye Subomi Balogun. It was incorporated as a private limited liability company in April 1982 and granted a banking license in August 1983.[2][3][4]

Subsidiaries

The subsidiaries of First City Monument Bank are:[5]

  1. FCMB Capital Markets Limited – Investment banking & Advisory services – Lagos, Nigeria
  2. FCMB (United Kingdom) Limited – Investment banking – London, United Kingdom
  3. CSL Stockbrokers Limited – Stock brokerage services – Lagos, Nigeria
  4. FCMB Pensions Limited (Formerly Legacy Pension Fund Administrators) – Abuja, Nigeria
  5. Credit Direct Limited – Microfinance lending – Lagos, Nigeria

References

  1. ↑ Archived copy. Retrieved 2022-06-04.
  2. ↑ Oshikoya, Temitope W.. Frontier Capital Markets and Investment Banking: Principles and Practice from Nigeria (in en) (2019-05-28)Routledge. ISBN 978-0-429-57770-3.
  3. ↑ IFC Invests in First City Monument Bank to Support Growth, SME Financing. pressroom.ifc.org. Retrieved 2021-10-10.
  4. ↑ FCMB: Balogun steps down, as Nuru takes over (in en-US). Vanguard News (2017-02-20). Retrieved 2021-10-10.
  5. ↑ investorrelations.FIRSTCITYGROUP.COM. investorrelations.firstcitygroup.com. Retrieved 2021-10-10.
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