FCMB First City Monument Bank

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Overview

FCMB First City Monument Bank is NGX: FCMB + Nigerian commercial bank + FCMB Group Plc Balogun family (Subomi + Ladi Balogun)-anchored Nigerian financial holding parent + one of Nigeria's largest commercial banks ^{1, Nigeria report}.

History

Apr 11 1982 — First City Merchant Bank founded by Subomi Balogun as Nigerian merchant bank.

Aug 2001 — First City Merchant Bank renamed First City Monument Bank FCMB.

2014 — FCMB Mobile banking app launch.

Ownership & operator

Operating entity: First City Monument Bank FCMB (Nigerian commercial bank; NGX: FCMB).

Major shareholders: FCMB Group Plc (NGX: FCMB; Balogun family (Subomi + Ladi Balogun)-anchored Nigerian financial holding parent) + Nigerian retail + institutional + foreign investors free float.

Regulators: CBN Central Bank of Nigeria + FCA UK.

Technical integration

FCMB Mobile app (iOS + Android) + fcmb.com online + FCMB branch network across Nigeria + UK international branches + FCMB Visa + Mastercard + Verve cards; NG IBAN + NIBSS Instant Payments + NQR Nigeria.

Implementations & partners

Major Nigerian banking + payments competitors: Zenith Bank (Zenith Bank; NGX: ZENITHBANK) + First Bank of Nigeria (FirstMobile) (First Bank of Nigeria FBN; NGX: FBNH; Nigeria's oldest commercial bank since 1894) + GTBank (Guaranty Trust Bank; GTWorld) (Guaranty Trust Bank GTBank; NGX: GTCO) + Access Bank (Access Bank; NGX: ACCESSCORP; Nigeria's #2 commercial bank by assets) + UBA (United Bank for Africa) (UBA United Bank for Africa; NGX: UBA; Pan-African banking group) + Union Bank of Nigeria (Union Bank of Nigeria UBN; NGX: UBN; Titan Trust Bank parent) + Fidelity Bank Nigeria (Fidelity Bank Nigeria; NGX: FIDELITYBK) + Wema Bank (Wema Bank; NGX: WEMABANK; Nigeria's oldest indigenous commercial bank since May 2 1945) + Sterling Bank Nigeria (Sterling Bank; NGX: STERLINGNG; Nigerian commercial bank) + Ecobank / Ecobank Mobile App (Ecobank Transnational Inc; ETI; Pan-African banking group) + Stanbic IBTC Nigeria / Stanbic IBTC Mobile 3.0 (APPbility) (Stanbic IBTC; NGX: STANBIC; Standard Bank Group Nigerian subsidiary) + OPay (OPay; Nigerian super-app + mobile money) + Kuda Bank (Kuda Bank Nigerian digital bank) + Carbon (Carbon Nigeria digital bank).

Regulators: CBN Central Bank of Nigeria + FCA UK.

Status

Active, NGX:FCMB + Nigerian commercial bank + FCMB Group Plc Balogun family (Subomi + Ladi Balogun)-anchored Nigerian financial holding parent + one of Nigeria's largest commercial banks ^{1, 2}.

Sources

1 FCMB — official
2 FCMB — Wikipedia
^{Nigeria report} In-corpus: reports/countries/NG-nigeria.md

Source

Biography extracted from fcmb-nigeria.md. See matrix.md for standards-support matrix if present.