First City Monument Bank

First City Monument Bank Ltd (FCMB)

Type	Public: : FCMB
Industry	Finance
Founded	20 April 1982
Founder	Otunba Subomi Micheal Balogun
Headquarters	Lagos Island, Lagos, Lagos State, Nigeria
Area served	Nigeria United Kingdom
Key people	Jonathan Long Chairman Ladi Balogun Chief Executive Officer
Services	Banking
Revenue	US$72 million (NGN:11.9 billion) (2012)
Total assets	US$3.7 billion (NGN:614.2 billion) (2012)
Number of employees	Over 2,000 (2013)
Website	Homepage

First City Monument Bank (FCMB) Ltd is a full service banking group, headquartered in Lagos, with the vision ‘to be the premier financial services group of African origin’.

FCMB is a large financial services provider in Nigeria, offering retail banking, corporate banking and investment banking services to large corporations, small and medium enterprises, as well as individuals. As of December 2011^[update], the bank's total assets were valued at US$$3.65 billion (NGN:593.3 billion), with shareholders' equity of approximately US$772.2 million (NGN:117.4 billion).

The entity from which the bank was founded City Securities Limited, was established in 1977. First City Monument Bank Ltd. was incorporated as a private limited liability company on 20 April 1982 and granted a banking licence on 11 August 1983. It was the first bank to be established in Nigeria without government or foreign support. 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 (NSE) by introduction on 21 December 2004.

In November 2010, 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. In February 2012, following regulatory approval, FCMB acquired 100% shareholding and began integration of Finbank in its existing operations.

First City Monument Bank has a number of active non-bank subsidiaries, which together with the bank, form the First City Group. Members of the group include the following companies:

The shares of of First City Monument Bank are listed on the , where they trade under the symbol: FCMB. The current detailed shareholding in the bank, following the merger with FinBank, is not publicly available.