Browsing: FCMB

FCMB: CBN Debits Put Pressure on Lender’s Earnings Outlook

CBN’s LDR, CRR Debits Diametrically Opposed Policies – Analysts Cardinalstone, a leading multi-assets investment firm, has explained that the Central Bank of Nigeria’s discretionary cash reserve ratio debits is diametrically opposed policies.

IFC Supports FCMB to Finance SMEs Facing COVID-19 Related Challenges. IFC, a member of the World Bank Group, today announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB) Limited to help it expand lending to small and medium enterprises (SMEs) so they can sustain business activities disrupted by the COVID-19 pandemic.

IFC Grants FCMB US$50 million Loan to Support SMEs. International Finance Corporation, IFC, a member of the World Bank Group, today announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB) Limited.

CBN Quarantines ₦2.3 Trillion from Banks’ Deposits in 9 Months. The Banking Sector ability to create credits is threaten follows a humongous amounts that the apex bank sterlised from operators deposits periodically.

Earnings season: Banks warming up to release Q1 scorecards

Tier 1 Banks cut 82% of industry’s Profits, account for 75% of Total Assets

Four Tier-1 Banks to increase loan books by ₦1.2 trn in 90 days. Despite the fact that they have big sizes, four banks in Tier 1 class failed to convert 60% of their deposits as loans and advances to customers, the first quarter 2019 results have shown.

First City Monument Bank Plc (FCMB) shareholders have expressed satisfaction with the 14 kobo dividend per share the board of director proposed for financial year 2018. The proposed dividend came on the back of improved performance in key metrics in its 2018 audited result