First City Monument Bank (FCMB) Plc
| Rank | 42 |
| BSM Rating | 49.1 |
| YoY | – (Stable) |
| Year of Establishment | 1982 (Licensed as first indigenous merchant bank). |
| Website | www.fcmb.com |
| Headquarters | Marina Plaza, 44 Marina, Lagos. |
| Leadership | Ladi Balogun (Group CEO); Yemisi Edun (MD/CEO, FCMB Limited). |
| Financial Performance | Total Assets (H1 2025): ₦7.54 Trillion. Gross Revenue (FY 2024): ₦794.8 Billion (+54% YoY). |
| Recapitalization Status | Successfully raised ₦144.6 Billion in Phase 1 (oversubscribed); Launched Phase 2 Public Offer (₦160bn) in late 2025 to secure International License. |
| Specialized Services | Credit Direct (Market Leader in Consumer Finance), SME Banking, and Pension Management (FCMB Pensions). |
| Best Known As | A leading financial group that successfully balances corporate banking heritage with a dominant position in Consumer Finance (Credit Direct) and digital lending. |
First City Monument Bank (FCMB) Plc has established itself as one of Nigeria’s most innovative and customer-focused financial institutions, known for its diverse banking services, commitment to financial inclusion, and support for individuals, SMEs, and corporate clients. Established in 1982, FCMB has consistently delivered reliable and accessible banking solutions, earning the trust of millions of Nigerians.
The bank’s portfolio includes retail banking, corporate banking, investment banking, treasury services, digital banking platforms, and SME-focused solutions. Its digital initiatives, such as the FCMB Mobile App, FCMB Online Banking, and FCMB Connect, offer convenient, secure, and efficient access to banking services, enhancing financial inclusion and customer experience across Nigeria.
FCMB’s success is reflected in its strong financial performance, with consistent profitability, growing assets, and robust operational resilience. It achieved N794.4 billion gross earning in 2024, a remarkable 53.9% increase from the previous year. The bank actively supports SMEs and entrepreneurs through tailored financing solutions, business advisory services, and capacity-building programs, contributing to economic growth and job creation in local communities.
The bank places significant emphasis on corporate social responsibility (CSR), implementing initiatives in education, health, youth empowerment, financial literacy, and community development. Programs such as the FCMB Foundation’s scholarship schemes, skill acquisition programs, and healthcare support initiatives have positively impacted thousands of Nigerians, aligning the bank’s objectives with societal development.
FCMB has received numerous awards and recognitions, including accolades for Best SME Bank, Digital Banking Excellence, and Customer Service Leadership, reflecting its commitment to service quality, innovation, and market leadership. The bank is consistently ranked among Nigeria’s Top 50 Banks, highlighting its credibility, resilience, and influence in the banking sector.
Through its diverse banking services, innovative digital platforms, and commitment to community empowerment, First City Monument Bank Plc continues to be a trusted partner for individuals, businesses, and institutions, driving financial inclusion, economic development, and sustainable growth in Nigeria.
