Financial Press Releases

February 22, 2011: First City Monument Bank (FCMB) Plc has announced the appointment of Olufemi Bakre as the new Executive Director responsible for Institutional Banking Division, of the bank. Olufemi has a wealth of experience in the banking industry spanning 22 years, of which 12 years was spent

February 16, 2011: Afren Plc, a public limited company incorporated under the laws of England & Wales and listed on the Main Market of the London Stock Exchange (NSE), has successfully completed a Notes Issuance of $450million 11.5% Senior Secured Notes due 2016.

Friday, February 08, 2011: First City Monument Bank (FCMB) Plc is to collaborate with Ekiti State Government through its contractor finance programme with the sum of N40 billion already earmarked for disbursement to the scheme. The bank has also reiterated its interest in assisting Ekiti State

Lagos January 27, 2011: Helios Investment Partners, a leading private equity firm, has acquired a majority stake in Interswitch Limited, the largest transaction switching and electronic payment processing service provider in Nigeria and owner of the leading card scheme, Verve.

Lagos, Nigeria, November 29, 2010 — IFC, a member of the World Bank Group, today announced a $70 million investment in First City Monument Bank Plc to support the Nigerian bank’s growth strategy and help it increase financing of small and medium enterprises.

First City Monument Bank Plc (FCMB) MasterCard Prefunded and Credit cards are accepted for online purchases on www.amazon.com with local delivery addresses in Nigeria. Amazon.com offers the widest array of online merchants offering different items such as books, movies, music, games, digital

LAGOS, NIGERIA – 28 OCTOBER 2010 – First City Monument Bank PLC (Bloomberg: FCMB NL ) announces its results for the 9 months ended 30 September 2010. The Group profit before tax for the 9-month period ended September 2010 grew to N6.1bn from N0.3billion for the same period previous year.  The

As service-oriented organizations around the world mark this year’s Customer Service Week, First City Monument Bank Plc (FCMB) has announced it is using this opportunity to appreciate the patronage and relationship it has shared with its esteemed customers over the years.

First City Monument Bank Plc (FCMB) and Cornerstone Insurance Plc are set to give the Nigerian public added travel benefits via a low-priced (promotional offer) travel and health insurance policy. The policy which is currently available from Cornerstone Insurance and specially discounted for FCMB

The Executive Governor of Oyo State, Otunba (Dr) Christopher Adebayo Alao-Akala has commended First City Monument Bank Plc (FCMB) for its positive contributions towards the economic emancipation of the people of the state. Governor Alao-Akala made the commendation at the commissioning of the FCMB

First City Monument Bank Plc Unaudited Results for the 6 months ended 30 June 2010 FIRST CITY MONUMENT BANK, PLC REPORTS PROFIT BEFORE TAX OF NGN 3.5 BILLION, AND IMPROVING UNDERLYING RESULTS, FOR THE 6 MONTHS ENDED 30 JUNE 2010   LAGOS, NIGERIA – 23 JULY 2010 – First City Monument Bank PLC

The First City Monument Bank plc has had its B+/B long term and short term global scale counterparty credit rating, as well as, its Nigeria national scale rating of ngA- reassigned and reaffirmed by Standard & Poor’s (S&P), the foremost international credit rating agency.

…As Lagos State Confers Environment Ambassador Emeritus on GMD Bauchi State Government has commended First City Monument Bank Plc (FCMB) on its nationwide awareness campaign on the environment tagged ‘Committed -To –Green’ (C2G). Committed-To-Green is the bank’s corporate social responsibility

First City Monument Bank (FCMB) Plc has entered into an alliance with the Association of Chartered Certified Accountants (ACCA) Nigeria to address payment challenges experienced by local students when making online payments to ACCA’s parent body in the United Kingdom.

As Nigerian children prepare for the celebration of this year’s National Children’s Day, First City Monument Bank Plc (FCMB) in partnership with Tulsi Chanrai Foundation (a non-governmental organization) and the Otunba Tunwase National Paediatric Centre (OTNPC), Ijebu-Ode, have

Sixteen charities and community development groups across the country have benefitted from the First City Monument Bank Plc (FCMB) staff Match4Match initiative. Match4Match is an FCMB Corporate Social Responsibility scheme which empowers the bank’s staff to carry out community development and

African Faith Leaders have committed to taking proactive roles by helping educate members on the critical task and responsibilities all must play to safeguard the environment. The Faith Leaders made this commitment at the end of a two-day inter faith forum in Abuja, Nigeria on climate change for

On 29th December 2009, Helios Towers Nigeria (“HTN”), Nigeria’s leading and foremost telecommunications infrastructure sharing/co-location and managed services provider closed and funded a $250 million facility, which was structured and arranged by the International Finance

View the release in PDF format . FCMB Holds Annual General Meeting (AGM) and Releases the 2009 Financial Year Reports.

First City Monument Bank Plc (FCMB) in partnership with LEAP (a non-governmental organization) has commenced a business leadership training programme for the bank’s SME customers across the country. This is in furtherance of the bank’s continued commitment to supporting customers in

View the release in PDF format . FCMB Plc releases its financials for the year ended April 2009 and two subsequent quarters up to October 31st 2009. The bank declared profit before tax of N4.8 billion for FYE April 2009 and a year to date loss of N479 million for six months ended October 2009.

View the release in PDF format . Dear all, In light of the ongoing and much welcomed special audit of banks by the Central Bank of Nigeria, we regret to inform our shareholders and other interested parties that we will need to delay the release of our FY 2008/09 results, pending CBN-approval.

First City Monument Bank Plc (FCMB) has been named the “Best Telecom Supporting Bank in Nigeria” for the year 2009 at the Nigerian Annual Telecoms Awards. The award which according to the organizers is given annually to a Nigerian bank which has shown strong commitment and support to the telecoms

View the release in PDF format . Standard & Poor's (S&P) Ratings Services has assigned its A-/A-2' long and short-term Nigeria national scale ratings to First City Monument Bank Plc (FCMB) effective May 2009. Despite the global financial sector turbulence, the international rating agencyalso

View the release in PDF format . THE Group Managing Director/Chief Executive of First City Monument Bank Plc (FCMB) Ladi Balogun has called for more funding of the Information and Communications Technology (ICT) sector of the economy, in order for it to grow significantly.

View the release in PDF format . Despite the global financial meltdown and the consequent confidence crisis that has rocked the financial industry, the banking industry in Nigeria remains the engine of growth, Anurag Saxena, Chief Operating Officer, First City Monument Bank Plc (FCMB) has said.

View the release in PDF format . Good evening all, Ahead of our intention to publish our Q3 2008/09 Results in the national newspapers and on our IR website on Monday 16 March 2009, the NSE released the results, as is now common-place, as soon as they had granted approval, yesterday, Thursday 12

View the release in PDF format. First City Monument Bank Plc (FCMB) has announced the appointment of Nabeel Malik as the new executive director in charge of Retail Banking. Nabeel joined FCMB from Mashreq Bank, Dubai, United Arab Emirates where he was a Senior Vice President responsible for

View the release in PDF format . First City Monument Bank Plc (FCMB) has announced the appointment of Peter Obaseki as the new Executive Director in charge of Corporate Banking.   Peter Obaseki joined FCMB in May 1997as the Financial Controller and was in the team that transformed the bank into a

View the release in PDF format . FCMB SUSTAINS MARKET-LEADING GROWTH AND EFFICIENCY; attains N20.5 billion in full-year profits, proposes 50k dividend First City Monument Bank Plc (FCMB) closed its 2007/8 financial year, recording a 171% increase in Profit before Tax from N7.6 billion in 2007 to

First City Monument Bank Plc, Nigeria (FCMB) and INTL Consilium LLC, Florida, USA has announced a partnership to launch a US$100 million hedge fund investing in Africa and the Middle East. A statement jointly issued by FCMB and INTL Consilium said the fund tagged Legacy Africa Alpha Fund will

First City Monument Bank one of Nigeria's fastest growing universal banks, on Thursday 22 May reported that it has been assigned ‘B+/B‘ long term and short term counterparty credit ratings by Standard & Poor’s (S&P) Speaking from London Ladi Balogun, CEO of FCMB commented that “we feel the rating

Lagos, Monday 27th February 2008; First City Monument Bank is leading a new wave of investment in the oil and gas sector in Nigeria as local investment and local content in the sector increases. The consolidation of Nigeria’s banking sector and the resulting explosion in bank’s balance sheets has

FCMB Public Offer Records Fastest Turnaround Lagos, Monday 25th February 2008; First City Monument Bank, one of Nigeria’s largest financial institutions has recorded the fastest ever completion of a public offer and GDR by a Nigerian bank. On February 6th, 2008 FCMB successfully secured approval

First City Monument Bank Plc (FCMB) has announced gross revenue earnings of N35.86 billion for the nine months period ended 31 January 2008. This represents 104 percent growth from N17.54 billion recorded in the prior year period. The bank also maintained an industry leading operating profitability

The bars of competition in the Nigerian banking industry has once again been raised as First City Monument Bank Plc (FCMB) successfully deploys a novel and highly revolutionary Central Processing Centre (CPC), aimed at further enhancing service efficiency and delivery across its entire branch

As part of plans to expand its business activities, First City Monument Bank Plc (FCMB) has announced a three-level investment that will significantly strengthen the bank’s wealth and asset management businesses. Prominent among these arrangements, the bank disclosed, include the launching of a

First City Monument Bank plc has concluded plans to raise the sum of N100 billion from the capital market. The offer is scheduled to open on Monday October 9, 2007 after a completion board meeting in Lagos. The fundamentals of the bank are highlighted as follows; Background First City Monument Bank

First City Monument Bank Plc (FCMB) has expanded its management composition and Board of Directors to include some internationally acclaimed banking professionals in the light of recent international partnerships signed with Sabre Capital Worldwide and global expansionary strategy being embarked

Major ownership now in the hands of individual investors and private institutions The shareholding structure of First City Monument Bank Plc (FCMB), which started as a privately owned merchant bank in 1983, has been widely diversified, with majority ownership now in the hands of individual

First City Monument Bank (FCMB) Plc, one of Nigeria’s fastest growing banks is partnering with Sabre Capital Worldwide, a specialist financial services private equity and management firm, in an effort that will change the face of consumer banking in Nigeria.

Grows deposit by 162% in nine months First City Monument Bank (FCMB) Plc, one of Nigeria’s foremost deposit money banks has continued to shore up depositors’ confidence as it grows deposit liability by 162 percent in the last nine months. A review of the bank’s nine-month financial report recently

Global Credit Rating Company (GCR), a leading global rating agency has assigned an A plus (A+) long-term and an A one (A1) short-term rating to First City Monument Bank PLC. This confirms First City Monument Bank’s short and long-term favourable outlook.

HSBC Bank plc has successfully executed a ‘landmark’, privately placed, non-secured structured debt instrument totalling US$100 million with First City Monument Bank (FCMB) Nigeria. This is the first agreement of its kind with an African bank in the international capital markets.

Investors include Helios, CDC, OPIC and Top US based Investment Funds A club of leading international institutional investors led by Helios Investment Partners last Thursday crossed a block trade in the shares of First City Monument Bank Plc (FCMB) acquiring 1,5billion shares, representing 15.81

FCMB last Wednesday, signed a memorandum of understanding to form a strategic partnership with Sabre Capital Worldwide – a specialist financial services private equity and management firm, led by experienced and prominent emerging markets bankers. This wide-ranging agreement will include Sabre

In confirmation of its international and superior capital market offerings, First City Monument Bank Plc under its investment banking arm - FCMB Capital Markets Limited, has received the Euromoney Global Award as the “Best Investment Bank in Nigeria” for the year 2007.