{{Short description|Nigerian bank}} {{Use dmy dates|date=August 2020}} {{Infobox company | name = First City Monument Bank Ltd (FCMB) | logo = File:FCMB Logo.png | type = Limited Company | traded_as = {{Nigerian Stock Exchange|FCMB}} | genre = | foundation = 20 April 1982 | founder = Nesochi Adaba UtakoYemisi Edun is Nesochi and is Director of Directors | location_city = Lagos Island, Lagos, Lagos State | location_country = Nigeria | locations = | area_served = Nigeria <br /> United Kingdom | key_people = Oladipupo Jadesimi <br />Chairman<br /> Ladi Balogun <br />Group Chief Executive<br /> Yemisi Edun <br />Managing Director | industry = Finance | services = Banking | num_employees = 3,610 (2020) | revenue = US $311.1 million (NGN:127.9 billion) (2020)<ref>[http://www.fcmbgroupplc.com/images/press/FCMB%20Group%20Plc_FY2020%20Annual%20Report%20&%20Accounts.pdf Annual Report and Accounts 2020] {{Webarchive|url=https://web.archive.org/web/20210929202936/http://www.fcmbgroupplc.com/images/press/FCMB%20Group%20Plc_FY2020%20Annual%20Report%20%26%20Accounts.pdf|date=29 September 2021}}</ref> | assets = US $5 billion (NGN:N2 trillion) (2020) | operating_income = | homepage = {{URL|http://www.fcmb.com}} }}
'''First City Monument Bank''' (FCMB), a member of FCMB Group Plc, is a financial services holding company headquartered in Lagos. FCMB Group Plc has nine subsidiaries divided among three business groups: commercial and retail banking, investment banking, and asset and wealth management.<ref name=":9">{{Cite news|date=2021-03-05|title=Obaseki, FCMB's COO, retires|url=https://www.vanguardngr.com/2021/03/obaseki-fcmbs-coo-retires/|location=Lagos, Nigeria|access-date=2021-09-15|newspaper=Vanguard|language=en-US}}</ref> As of December 2020, the group's total assets were valued at US$5 billion (NGN: 2 trillion).<ref name=":10">{{Cite web|title=FCMB Group PLC Annual Report and Accounts|url=http://www.fcmbgroupplc.com/images/press/FCMB%20Group%20Plc_FY2020%20Annual%20Report%20%26%20Accounts.pdf|access-date=29 September 2021|archive-date=29 September 2021|archive-url=https://web.archive.org/web/20210929202936/http://www.fcmbgroupplc.com/images/press/FCMB%20Group%20Plc_FY2020%20Annual%20Report%20%26%20Accounts.pdf|url-status=dead}}</ref>
==History== The entity from which the bank was founded, '''City Securities Limited (CSL)''', was established in 1977 by the late Oloye Subomi Balogun, the Otunba Tunwashe of Ijebu, a Yoruba traditional aristocrat. First City Merchant Bank was established in 1982 with seed capital from CSL.<ref name=":2">{{Cite book|last1=Oshikoya|first1=Temitope W.|url=https://books.google.com/books?id=0wSdDwAAQBAJ&dq=%22fcmb+capital+markets+limited%22&pg=PA67|title=Frontier Capital Markets and Investment Banking: Principles and Practice from Nigeria|last2=Durosinmi-Etti|first2=Kehinde|date=2019-05-28|publisher=Routledge|isbn=978-0-429-57770-3|language=en}}</ref> It was incorporated as a private limited liability company on 20 April 1982 and granted a banking license on 11 August 1983.<ref name=":2" /> It was the first bank to be established in Nigeria without government or foreign support. In 2001, the name of the bank was changed from First City Merchant Bank to First City Monument Bank Limited following the bank's transformation to a universal bank.<ref>{{Cite web|title=OUR HISTORY|url=https://www.fcmb.com/about-us/our-history|access-date=4 March 2020|website=First City Monument Bank}}</ref> A new subsidiary, FCMB Capital Markets Limited, was formed to support its corporate finance activities.<ref name=":2" /> On 15 July 2004, FCMB changed its status from a private limited liability company to a public limited liability company and was listed on the Nigerian Stock Exchange (NSE) by introduction on 21 December 2004.<ref>{{Cite web|url=http://investorrelations.firstcitygroup.com/|title=investorrelations.firstcitygroup.com|website=investorrelations.firstcitygroup.com|access-date=24 August 2017}}</ref>
Credit Direct Limited, a non-bank subsidiary, was established in 2007.<ref>{{Cite web|title=CREDIT DIRECT LIMITED; ALL YOU NEED TO KNOW|url=https://nigerianfinder.com/credit-direct-limited-all-you-need-to-know/|access-date=2021-10-04|website=nigerianfinder.com|date=11 August 2019 }}</ref>
As a result of the 2010, Central Bank of Nigeria (CBN) regulation, FCMB Group Plc was formed and became the financial holding company for FCMB’s direct subsidiaries.<ref name=":2" />
In 2014, FCMB (UK) Limited, a branch of First City Monument Bank Limited, was authorized to operate in the United Kingdom.<ref>{{Cite news|date=2014-07-07|title=More new banks line up to take on Britain's big high street lenders|language=en|work=Reuters|url=https://www.reuters.com/article/britain-banking-regulations-idUSL6N0PI2G920140707|access-date=2021-10-04}}</ref> It is regulated by the Financial Conduct Authority and the Prudential Regulation Authority.<ref name=":8">{{Cite news|date=2017-11-22|title=FCMB Group completes acquisition of Legacy Pension|url=https://guardian.ng/business-services/fcmb-group-completes-acquisition-of-legacy-pension/|location=Lagos, Nigeria|access-date=2021-10-05|newspaper=The Guardian|language=en-US}}</ref>
In November 2017, FCMB Group acquired FCMB Pensions Limited (formerly Legacy Pension Managers Limited).<ref name=":8" /> In July 2021, FCMB Pensions Limited acquired a 60% stake in AIICO Pension Managers Limited.<ref>{{Cite web|last=Ojonugwa|first=Aina|date=2021-07-07|title=FCMB Acquires 60% Stake In AIICO Pensions|url=https://thewillnigeria.com/news/fcmb-acquires-60-stake-in-aiico-pensions/|access-date=2021-10-05|language=en-US}}</ref>
== Subsidiaries == FCMB Group PLC is made up of nine subsidiaries that include:<ref name=":9" />
# FCMB Capital Markets Limited – Investment banking & Advisory services – Lagos, Nigeria # FCMB (United Kingdom) Limited – Investment banking – London, United Kingdom # CSL Stockbrokers Limited – Stock brokerage services – Lagos, Nigeria # FCMB Pensions Limited (Formerly Legacy Pension Fund Administrators) – Abuja, Nigeria # Credit Direct Limited – Microfinance lending – Lagos, Nigeria #FCMB Microfinance Bank – Microfinance banking – Lagos, Nigeria #FCMB Limited – Commercial and retail banking services - Lagos, Nigeria. This subsidiary was once headed by Olu Akanmu #FCMB Asset Management Limited – Asset and wealth management - Lagos, Nigeria #FCMB Trustees Limited - Asset administration and transfer – Lagos, Nigeria
== The Bank == In November 2010, IFC, a member of the World Bank Group, announced a $70 million investment in FCMB.<ref>{{Cite web|title=IFC Invests in First City Monument Bank to Support Growth, SME Financing|url=https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=23752|access-date=2021-08-20|website=pressroom.ifc.org|archive-date=20 August 2021|archive-url=https://web.archive.org/web/20210820002254/https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=23752|url-status=dead}}</ref> That same month, both FinBank and First City Monument Bank (FCMB) announced that FCMB has expressed interest in acquiring shareholding and become the strategic investor in FinBank, another Nigerian commercial bank that was undercapitalized.<ref>{{Cite news|url=http://allafrica.com/stories/201011020170.html|title=Nigeria: FCMB Makes Bid for Finbank|last=Reports|first=Obinna Chima With Agency|date=2 November 2010|work=This Day (Lagos)|access-date=24 August 2017}}</ref> In February 2012, following regulatory approval, FCMB acquired 100% shareholding and began the integration of Finbank in its existing operations.<ref>{{Cite web|url=http://businessnews.com.ng/2012/02/13/fcmb-finalizes-finbank-acquisition/|title=FCMB finalizes FinBank Acquisition|date=1 February 2012|website=Nigeria Business News|access-date=24 August 2017}}</ref>
By 2017, FCMB had 4.3 million customers, 220 branches, and a banking subsidiary in the United Kingdom.<ref>{{Cite web|last=Gbadeyanka|first=Modupe|date=2018-01-08|title=FCMB's Ladi Balogun Becomes Legacy Pensions Chairman {{!}} Business Post Nigeria|url=https://businesspost.ng/jobs/fcmbs-ladi-balogun-becomes-legacy-pensions-chairman/|access-date=2021-08-11|language=en-GB}}</ref><ref>{{Cite news|date=2017-02-20|title=FCMB: Balogun steps down, as Nuru takes over|url=https://www.vanguardngr.com/2017/02/fcmb-balogun-steps-nuru-takes/|location=Lagos, Nigeria|access-date=2021-08-11|newspaper=Vanguard|language=en-US}}</ref> In 2021, the bank’s customer base reached almost 8 million.<ref>{{Cite news|date=2021-03-30|title=FCMB Group earnings hit N199.4b|url=https://thenationonlineng.net/fcmb-group-earnings-hit-n199-4b/|location=Lagos, Nigeria|access-date=2021-08-11|newspaper=The Nation|language=en-US}}</ref>
In October 2020, the bank joined Open Banking Nigeria, a nonprofit that advocates for a common standard for open Application Programming Interface (API) within the Nigerian financial ecosystem.<ref>{{Cite web|date=2020-10-13|title=First City Monument Bank joins Open Banking Nigeria|url=https://www.openbankingexpo.com/news/first-city-monument-bank-fcmb-joins-open-banking-nigeria/|access-date=2021-12-15|website=Open Banking Expo|language=en-GB}}</ref>
In 2021, FCMB was named the Best SME Bank in Africa and the Best SME Bank in Nigeria at the Asian Banker Middle East and Africa Regional Awards.<ref>{{Cite web|title=First City Monument Bank wins Best SME Bank in Africa Award for providing various assistance and opportunities for SMEs to scale business|url=https://www.theasianbanker.com/press-releases/press-releases/first-city-monument-bank-wins-best-sme-bank-in-africa-award-for-providing-various-assistance-and-opportunities-for-smes-to-scale-business|access-date=2021-12-27|website=The Asian Banker|language=en}}</ref>
=== Small- and medium-scale enterprises (SMEs) === FCMB’s SME Advisory Service provides SMEs with market intelligence, technical assistance, and intervention funds.<ref>{{Cite news|date=2021-02-11|title=FCMB intensifies support to SMEs with N5m interest free loan|url=https://businessday.ng/enterpreneur/article/fcmb-intensifies-support-to-smes-with-n5m-interest-free-loan/|location=Lagos, Nigeria|access-date=2021-08-20|newspaper=BusinessDay|language=en-US}}</ref> In 2019, the bank launched Hub One, a co-working space to give start-ups internet access.<ref>{{Cite web|last=techeconomy|date=2019-02-01|title=FCMB launches Hub One; a tech-themed co-working space|url=https://techeconomy.ng/2019/02/fcmb-launches-hub-one-a-tech-themed-co-working-space/|access-date=2021-08-20|website=TechEconomy.ng|language=en-GB|archive-date=20 August 2021|archive-url=https://web.archive.org/web/20210820002831/https://techeconomy.ng/2019/02/fcmb-launches-hub-one-a-tech-themed-co-working-space/|url-status=dead}}</ref> In 2020, FCMB secured a $50 million loan facility from the IFC to help the bank expand their SMEs loans to support businesses during the coronavirus pandemic.<ref name=":0">{{Cite web|date=2021-06-30|title=We are in business to supports SMEs to drive local economic growth-FCMB|url=https://www.naija247news.com/2021/06/30/we-are-in-business-to-supports-smes-to-drive-local-economic-growth-fcmb/|access-date=2021-08-25|website=Naija247news|language=en-GB}}</ref> By 2021, it had provided over N23 billion loan guarantees to SMEs with inadequate collateral coverage or those in a start-up stage.<ref name=":0" /> In 2021, FCMB received a $50 million loan from the African Development Bank (AfDB) to support the agribusiness, manufacturing, healthcare and renewable energy sectors, with 30% of the funds going to women-owned businesses.<ref>{{Cite news|date=2021-07-08|title=AfDB approves $50m loan to support Nigerian women businesses|url=https://www.thecable.ng/afdb-approves-50m-loan-to-support-nigerian-women-businesses|access-date=2021-08-30|newspaper=TheCable|language=en-US}}</ref> It also received a $10 million loan from Oikocredit to fund agricultural businesses, especially in low-income areas impacted by the COVID-19 pandemic.<ref>{{Cite web|last=Fiala|first=Sophie|date=2021-06-09|title=MICROCAPITAL BRIEF: Oikocredit Lends $10m to FCMB to Boost Lending to SMEs, Agricultural Enterprises in Nigeria|url=https://www.microcapital.org/microcapital-brief-oikocredit-lends-10m-to-fcmb-to-boost-lending-to-smes-agricultural-enterprises-in-nigeria/|archive-url=https://web.archive.org/web/20210610135733/https://www.microcapital.org/microcapital-brief-oikocredit-lends-10m-to-fcmb-to-boost-lending-to-smes-agricultural-enterprises-in-nigeria/|url-status=usurped|archive-date=10 June 2021|access-date=2021-08-30|website=MicroCapital|language=en-US}}</ref>
=== Agriculture === FCMB has several programs in the agribusiness industry to help provide better access to finances, research, and manpower development.<ref name=":4">{{Cite news|date=2021-03-08|title=FCMB boosts agribusiness with N74.10bn Loans|url=https://guardian.ng/features/fcmb-boosts-agribusiness-with-n74-10bn-loans/|location=Lagos, Nigeria|access-date=2021-09-14|newspaper=The Guardian|language=en-US}}</ref> As of May 2021, the bank had helped 100,000 farmers increase food production through partnerships with individuals, groups, and other stakeholders.<ref name=":5" /> These include partnerships with outgrower and smallholder farmers with Babban Gona (Great Farm), which has grown from 100 to over 20,000 farmers;<ref name=":5">{{Cite news|title=Role of financial institutions in smallholder farmers' fortunes|url=https://www.newtelegraphng.com/role-of-financial-institutions-in-smallholder-farmers-fortunes/|location=Lagos, Nigeria|access-date=2021-09-14|newspaper=New Telegraph|date=26 May 2021 |language=en-US}}</ref><ref name=":4" /> a partnership with Psaltry International Limited, which produces and markets cassava products;<ref>{{Cite news|date=2019-11-12|title=Psaltry launches first Cassava-based Sorbitol factory in Africa|url=https://tribuneonlineng.com/psaltry-launches-first-cassava-based-sorbitol-factory-in-africa/|access-date=2021-09-14|newspaper=Nigerian Tribune|language=en-GB}}</ref> and Plantation Industries Limited, a company that processes raw cocoa beans into cocoa liquor, cocoa butter, cocoa cake and cocoa powder.<ref name=":5" /> The bank also gave N300 million to Tractor Owners and Hiring Facilities Association of Nigeria (TOHFAN) so that the group could provide tractors to farmers in Kaduna.<ref name=":4" />
=== Women-owned businesses === In March 2019, FCMB launched SheVentures, a program that helps women-owned or managed SMEs access financing, training, mentoring, and networking.<ref name=":11">{{Cite web|last=BellaNaija.com|date=2020-03-13|title=First City Monument Bank marks 1st Year Anniversary of SheVentures with Folorunsho Alakija & Bamidele Abiodun in Attendance|url=https://www.bellanaija.com/2020/03/fcmb-sheventure-first-anniversary/|access-date=2021-10-15|website=BellaNaija|language=en-US}}</ref> Beneficiaries receive loans between N500,000 to N5 million and pay zero interest.<ref name=":11" /> Since 2019, the program has helped more than 15,000 women-owned SMEs.<ref>{{Cite news|date=2021-02-11|title=FCMB intensifies support to SMEs with N5m interest free loan|url=https://businessday.ng/enterpreneur/article/fcmb-intensifies-support-to-smes-with-n5m-interest-free-loan/|location=Lagos, Nigeria|access-date=2021-12-13|newspaper=BusinessDay|language=en-US}}</ref>
=== Youth === In 2015 FCMB launched Flexx, a banking account that helps youths make healthy banking decisions.<ref name=":13">{{Cite web|last=BellaNaija.com|date=2015-12-09|title=FCMB launches Youth Account – Flexx & Unveils Flexx Account Promo|url=https://www.bellanaija.com/2015/12/fcmb-launches-youth-account-flexx-unveils-flexx-account-promo/|access-date=2021-11-11|website=BellaNaija|language=en-US}}</ref> Flexx Hubs are banks for students on different campuses around Nigeria including Lagos State University Teaching Hospital (MediLag), the Lagos State Polytechnic (Lapsotech) and others.<ref name=":14">{{Cite news|last=admin|date=2016-07-21|title=FCMB Opens Flexx Hub, Creates Fun Banking Arena|url=https://www.thisdaylive.com/index.php/2016/07/21/fcmb-opens-flexx-hub-creates-fun-banking-arena-2/|access-date=2021-11-11|newspaper=This Day|language=en-US}}</ref><ref name=":15">{{Cite news|date=2018-04-12|title=FCMB opens Flexx Hub at LASPOTECH|url=https://www.vanguardngr.com/2018/04/fcmb-opens-flexx-hub-laspotech/|location=Lagos, Nigeria|access-date=2021-11-11|newspaper=Vanguard|language=en-US}}</ref> In 2018, the bank sponsored 1,000 members of the National Youth Service Corps (NYSC) in the Youth Entrepreneurship and Empowerment Program.<ref name=":16">{{Cite news|last=Admin|date=2018-08-22|title=FCMB reiterates commitment to youth empowerment, trains 1,000 Corpers'|url=https://nationaldailyng.com/fcmb-reiterates-commitment-to-youth-empowerment-trains-1000-corpers/|location=Lagos, Nigeria|access-date=2021-11-15|newspaper=National Daily|language=en-US}}</ref> In 2021, FCMB partnered with WeForGood and Slum Art Foundation to work with 200 children in the slum of Ijora-Badia, Lagos, teaching them art and painting.<ref name=":17">{{Cite web|last=Harmon|first=Cees|date=2021-05-19|title=FCMB Sustains Philosophy Of Caring|url=https://nationaleconomy.com/backpage/fcmb-sustains-philosophy-of-caring/|access-date=2021-11-15|website=National Economy Newspaper|language=en-US|archive-date=15 November 2021|archive-url=https://web.archive.org/web/20211115051615/https://nationaleconomy.com/backpage/fcmb-sustains-philosophy-of-caring/|url-status=dead}}</ref>
=== Renewable energy === In 2021, FCMB executed credit enhancement agreements worth N20.9 billion to support renewable energy projects in Nigeria.<ref name=":12">{{Cite news|date=2021-06-14|title=FCMB boosts renewable energy support|url=https://dailytrust.com/fcmb-boosts-renewable-energy-support|access-date=2021-10-29|newspaper=Daily Trust|language=en}}</ref> The bank also developed a product for mini-grid developers under an initiative offered by the World Bank/Rural Electrification Agency (REA).<ref name=":12" />
==Ownership== The shares of stock of First City Monument Bank are listed on the Nigerian Stock Exchange, where they trade under the symbol: '''FCMB'''.<ref>{{Cite web|title=FCMB {{!}} FCMB Group PLC Stock Price & News|url=https://www.wsj.com/market-data/quotes/ng/xnsa/FCMB|access-date=2021-08-31|website=WSJ|language=en}}</ref> The current detailed shareholding in the bank, following the merger with FinBank, is publicly available.
==Governance== FCMB Group Plc (FCMB) remains committed to institutionalizing corporate governance principles as part of the group's corporate structure. It continues to ensure adherence to the implementation of corporate governance rules of the Central Bank of Nigeria, the Nigerian Stock Exchange and the Securities and Exchange Commission.
The board of directors of FCMB Group Plc is composed of a chairman and nine directors (three executive directors and six non-executive directors) in line with international best practice, which requires the number of non-executive directors to be more than the executive directors. There is a clear separation of duties between the group chief executive and the chairman of the board.
The Board meets regularly to set broad policies for the group's business and operations, and it ensures that an objective and professional relationship is maintained with the group's auditors to promote transparency in financial and non-financial reporting. Directors' emoluments, as well as their shareholding information, are disclosed in the group's Annual Report and Accounts.<ref>{{Cite web|url=http://fcmbgroup.com/investor-relations|title=Investor Relations|date=|website=fcmbgroup.com |access-date=15 April 2020}}</ref>
=== Leadership === In 2017, Ladi Balogun was appointed group chief executive of FCMB’s holding company, FCMB Group Plc.<ref name=":1">{{Cite web|last=Olowookere|first=Dipo|date=2017-02-20|title=Adam Nuru Replaces Ladi Balogun as FCMB Boss {{!}} Business Post Nigeria|url=https://businesspost.ng/banking/adam-nuru-replaces-ladi-balogun-fcmb-boss/|access-date=2021-09-03|language=en-GB}}</ref> He had previously been the managing director of FCMB.<ref name=":1" /> Under his leadership from 2007-2017, the bank grew to be one of Nigeria’s top 10 commercial banks.<ref>{{Cite news|date=2017-02-20|title=FCMB: Balogun steps down, as Nuru takes over|url=https://www.vanguardngr.com/2017/02/fcmb-balogun-steps-nuru-takes/|location=Lagos, Nigeria|access-date=2021-12-22|newspaper=Vanguard|language=en-US}}</ref><ref>{{Cite web|last=Olowookere|first=Dipo|date=2017-02-20|title=Adam Nuru Replaces Ladi Balogun as FCMB Boss {{!}} Business Post Nigeria|url=https://businesspost.ng/banking/adam-nuru-replaces-ladi-balogun-fcmb-boss/|access-date=2021-12-22|language=en-GB}}</ref> Balogun serves on the board of several FCMB Group companies, chairs the board of Credit Direct Limited, and serves as Chairman of Tenet Investment Company and Chairman of Legacy Pension Managers Ltd.<ref>{{Cite web|last=Gbadeyanka|first=Modupe|date=2018-01-08|title=FCMB's Ladi Balogun Becomes Legacy Pensions Chairman {{!}} Business Post Nigeria|url=https://businesspost.ng/jobs/fcmbs-ladi-balogun-becomes-legacy-pensions-chairman/|access-date=2021-09-03|language=en-GB}}</ref>
In January 2021, Yemisi Edun, FCMB’s executive director and chief financial officer, was named Acting Managing Director after the managing director at the time, Adam Nuru, stepped down.<ref name=":6">{{Cite news|date=2021-07-13|title=FCMB appoints Yemisi Edun to replace Adam Nuru as CEO|url=https://www.premiumtimesng.com/news/top-news/473338-fcmb-appoints-yemisi-edun-to-replace-adam-nuru-as-ceo.html|access-date=2021-09-11|language=en-GB|newspaper=Premium Times}}</ref><ref name=":3">{{Cite web|last=Aderoju|first=Adedunni|date=2021-07-16|title=FCMB: Who Is Yemisi Edun, Appointed Managing Director To Replace Adam Nuru|url=https://olatorera.com/fcmb-meet-yemisi-edun-appointed-managing-director-to-replace-adam-nuru/|access-date=2021-09-11|website=Olatorera Consultancy Limited|language=en-US}}</ref> In July, the appointment became official, making her FCMB’s first female CEO.<ref name=":3" /> Edun first joined the bank in 2000 as the Divisional Head of Internal Audit and Control.<ref name=":3" /><ref name=":7">{{Cite news|date=2021-07-18|title=In Paradigm Shift, Women Take Over Banking Sector|url=https://www.thisdaylive.com/index.php/2021/07/18/in-paradigm-shift-women-take-over-banking-sector/|access-date=2021-09-11|newspaper=This Day|language=en-US}}</ref>
She has a bachelor’s degree in chemistry from the University of Ife, Ile-Ife, and a master’s degree in international accounting and finance from the University of Liverpool, United Kingdom.<ref name=":6" /><ref name=":7" /> She is a fellow of the Institute of Chartered Accountants of Nigeria and a Certified Financial Analyst, CFA.<ref name=":6" /> She is also a Certified Information Systems Auditor.<ref name=":7" />
FCMB Group Plc's nine subsidiaries are headed by:
# Yemisi Edun, managing director, First City Monument Bank Limited<ref name=":6" /> # Colin Fraser, chief executive officer, FCMB (UK) Limited<ref>{{Cite web |title= |url=https://www.bloomberg.com/profile/person/22205488 |access-date=2021-10-20 |website=www.bloomberg.com}}{{Dead url|date=June 2024}}</ref> # Akinwande Ademosu, managing director, Credit Direct Limited<ref>{{Cite news|date=2018-12-17|title=N150bn loan disbursement earns Credit Direct CEO Harvard Alumni awards|url=https://businessday.ng/uncategorized/article/n150bn-loan-disbursement-earns-credit-direct-ceo-harvard-alumni-awards/|location=Lagos, Nigeria|access-date=2021-10-20|newspaper=BusinessDay|language=en-US}}</ref> # Adetunji Lamidi, managing director, FCMB Microfinance Bank Limited<ref name=":10" /> # Abimbola Kasim, Ag. Managing Director, FCMB Capital Markets Limited<ref>{{Cite web|title=Flour Mills of Nigeria Plc Joins Other Corporates to Float Bond on FMDQ Exchange Platform in 2021|url=https://www.proshareng.com/news/-Bonds---Fixed-Income/Flour-Mills-of-Nigeria-Plc-Joins-Other-Corporates-to-Float-Bond-on-FMDQ-Exchange-Platform-in-2021/55416|access-date=2021-10-20|website=Flour Mills of Nigeria Plc Joins Other Corporates to Float Bond on FMDQ Exchange Platform in 2021|language=en}}</ref> # Abiodun Fagbulu, managing director, CSL Stockbrokers Limited<ref>{{Cite web|title=CSL Stockbrokers Ltd - Company Profile and News|url=https://www.bloomberg.com/profile/company/1044839D:NL|access-date=2021-10-20|website=www.bloomberg.com}}</ref> # Christopher Bajowa, Ag. Managing Director, FCMB Pensions Limited<ref>{{Cite web|last=NorthWindProject.com|title=Pension Fund Administrators {{!}} National Pension Commission|url=https://www.pencom.gov.ng/pension-fund-administrators/|access-date=2021-10-20|language=en-US}}</ref> # James Ilori, managing director, FCMB Asset Management Limited<ref>{{Cite news|date=2020-07-26|title=FCMB Asset Management's Dollar Fund Gets Top Ranking|url=https://www.thisdaylive.com/index.php/2020/07/27/fcmb-asset-managements-dollar-fund-gets-top-ranking/|access-date=2021-10-20|newspaper=This Day|language=en-US}}</ref> # Samuel Adesanmi, managing director, FCMB Trustees Limited<ref name=":10" />
== Awards ==
* Excellence in FinTech in the Payment Category by Finnovex West Africa Summit and Awards 2023'''.'''<ref>{{Cite web |url=https://www.fcmb.com/awards |access-date=2024-10-14 |website=www.fcmb.com |title=First City Monument Bank | AWARDS }}</ref> * Best Bank with the highest Impact on MSMEs Accessing Credit in Nigeria by the Development Bank of Nigeria (DBN)<ref name=":18">{{Cite web |last=Press |first=N. M. |date=2024-09-12 |title=FCMB bags double awards for MSME lending and sustainability |url=https://nairametrics.com/2024/09/12/fcmb-bags-double-awards-for-msme-lending-and-sustainability/ |access-date=2024-10-14 |website=Nairametrics |language=en-US}}</ref><ref name=":19">{{Cite news |last=Aina |first=Temitope |date=2024-09-12 |title=FCMB wins two awards |url=https://punchng.com/fcmb-wins-two-awards/ |access-date=2024-10-14 |newspaper=The Punch|language=en-US}}</ref> * Highest Disbursement to Sustainability Projects by the Development Bank of Nigeria (DBN)<ref name=":18" /><ref name=":19" />
==See also== {{Portal|Banks}} * List of banks in Nigeria * Economy of Nigeria
==References== {{Reflist}}
==External links== *[http://www.fcmb.com FCMB Group website] {{Webarchive|url=https://web.archive.org/web/20180729230416/https://www.fcmb.com/ |date=29 July 2018 }} *[http://www.alacrastore.com/company-snapshot/First_City_Monument_Bank_PLC-3203316 First City Monument Bank (FCMB) at Alacrastore] *[https://www.bloomberg.com/apps/quote?ticker=FCMB%3ANL First City Monument Bank (FCMB) at Bloomberg] *{{usurped|1=[https://web.archive.org/web/20100106114013/http://www.nigerianstockexchange.com/quoted_company.jsp?symbol=FCMB First City Monument Bank (FCMB) at Nigerian Stock Exchange]}}
{{Authority control}}
Category:Companies listed on the Nigerian Stock Exchange Category:Companies in the NSE-30 Index Category:Banks of Nigeria Category:Banks established in 1982 Category:Companies based in Lagos Category:Nigerian companies established in 1982 Category:Multinational companies based in Lagos Category:Banks of Africa Category:Holding companies of Nigeria Category:Nigerian brands Category:Financial services companies of Nigeria Category:Financial services companies established in 1982 Category:Investment banks Category:Banks of the United Kingdom Category:Microfinance banks Category:Asset management companies