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Last 2.20 NGN
Change Today +0.10 / 4.76%
Volume 3.2M
FCMB On Other Exchanges
As of 9:30 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

fcmb group plc (FCMB) Snapshot

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52 Week High
10/8/14 - 4.64
52 Week Low
02/18/15 - 1.93
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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

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Executives, Board Directors

fcmb group plc (FCMB) Key Developments

FCMB Group Plc Announces Unaudited Group Earnings Results for the Half-Year Ended June 30, 2015

FCMB Group Plc announced unaudited group earnings results for the half-year ended June 30, 2015. For the period, the company’s profit before tax was NGN 9.6 billion, down 14% from NGN 11.1 billion for the half-year 2014. Revenue was NGN 77.4 billion, an increase of 11% from NGN 69.6 billion for the same period prior year. Net interest income was NGN 34.4 billion, an increase of 6% year-on-year, from NGN 32.4 billion for the same period prior year.

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.


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