FCMB group, the parent company of First City Monument Bank (FCMB) has announced the issuance of a N20 billion inagural Commercial Paper. The announcement was contained in the bank’s statement published by the Nigerian Stock Exchange (NSE) recently.
The statement signed by the Company Secretary, Olufunmilayo Adedibu stated that the inagural N20 billion FCMB Commercial Paper is under its N100 billion Commercial Paper programme and has a tenor of 269 day.
The CP was issued to support the bank’s short-term funding needs and serves as additional funding source for the bank.
First City Monument Bank (FCMB) Limited is a member of FCMB Group Plc, which is one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments.
The bank successfully transformed to a retail and commercial banking-led group, and it expects to continue to distinguish itself by delivering exceptional services, while enhancing the growth and achievement of the personal and business aspirations of our customers.
- FCMB annual report 2019 shows profit up by 18%
- Banks are not restricted in investing in Treasury Bills – CBN
The Mission of FCMB to attain the highest levels of customer advocacy, be a great place to work and deliver superior and sustainable returns to our shareholders.