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Last 2.70 NGN
Change Today -0.10 / -3.57%
Volume 373.8K
As of 9:31 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

fcmb group plc (FCMB) Snapshot

Open
2.70
Previous Close
2.80
Day High
2.70
Day Low
2.70
52 Week High
10/8/14 - 4.64
52 Week Low
02/18/15 - 1.93
Market Cap
53.5B
Average Volume 10 Days
5.7M
EPS TTM
1.14
Shares Outstanding
19.8B
EX-Date
03/30/15
P/E TM
2.4x
Dividend
0.25
Dividend Yield
9.26%
Current Stock Chart for FCMB GROUP PLC (FCMB)

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fcmb group plc (FCMB) Details

FCMB Group Plc, through its subsidiaries, provides various banking and financial services to its wholesale and retail customers primarily in the Federal Republic of Nigeria. It operates through six segments; Retail Banking, Business Banking, Corporate Banking, Treasury and Financial Markets, Institutional Banking, and Investment Banking. The Retail Banking segment offers private banking services and private customer current accounts; savings, deposits, and investment savings products; and custody services, credit and debit cards, consumer loans, and mortgages to individuals. The Business Banking segment provides banking services to small and medium enterprises, and commercial registered businesses. The Corporate Banking segment offers direct debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, foreign currency, and derivative products for companies and financial institutions. The Treasury and Financial Markets segment provides funding support to various business segments. This segment is also involved in currency trading, including financial instruments trading and structured financing. The Institutional Banking segment offers government financing services, as well as services to financial institutions and multilateral agencies. The Investment Banking segment provides banking services to structured corporate organizations. This segment is also involved in capital raising activities for organizations in money and capital markets; and the provision of financial advisory services to organizations in raising funds. The company also offers cash and asset management services. FCMB Group Plc provides its services through approximately 275 branches and cash centers in the Federal Republic of Nigeria. The company was founded in 1977 and is based in Lagos, Nigeria.

4,430 Employees
Last Reported Date: 03/23/15
Founded in 1977

fcmb group plc (FCMB) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

fcmb group plc (FCMB) Key Developments

FCMB Group Mulls Acquisitions

FCMB Group Plc (NGSE:FCMB) intends to look at acquisition opportunities. Peter Obaseki, Managing Director of the company said: “On the positive side, the political environment have been significantly de-risked, and confidence is returning to the economy. Also, the [crude oil] price, I mean, the (inaudible) prices has rebounded to the $50 level currently at about $64.40 although this is subject in number of well known variables. [Our responses] to this will include execution along the following lines. [Continued focus] on (inaudible) [deposit] growth through new accounts acquisition which already have gained a lot of traction and an increased share of (inaudible) from existing customers across business segments in order to keep net interest margin at around current levels. Narrowing down on the [financial] part of [COT] reduction by grade fees from alternate channels and ramping off of [trade transactions]. Investment banking collaborating with corporate banking and will focus on debt restructuring, pro-active debt restructuring, re-financing, strategic [marginal] acquisition opportunities. And then, within investment banking, a strong push to (inaudible) pipelines into [fair mandates]. Identifying viable investment opportunities in the [FNCG] space for specific private equity investors that have a separate interest. On the loan side, you have a resumption of [gradual growth in the environments] appears more better than in Q1from your risk perspective.”

FCMB Group Plc Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015

FCMB Group Plc announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported profit before tax of NGN 5.8 billion, up 4% from NGN 5.6 billion for the first quarter 2014. Net interest income of NGN 18.1 billion, an increase of 8% year-on-year, from NGN 16.7 billion for the same period prior year. Earnings per share ­ 107 kobo against 97 kobo for first quarter 2014. Return on average equity fell by 2.1% year-on-year.

FCMB Group Plc to Report Fiscal Year 2014 Final Results on Apr 15, 2015

FCMB Group Plc announced that they will report fiscal year 2014 final results at 1:30 PM, Central European Standard Time on Apr 15, 2015

 

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Industry Analysis

FCMB

Industry Average

Valuation FCMB Industry Range
Price/Earnings 2.4x
Price/Sales 0.6x
Price/Book 0.3x
Price/Cash Flow 2.4x
TEV/Sales NM Not Meaningful
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