monument bank ltd fcmb type public nse fcmb industry finance founded 20 april 1982 founder otunba subomi micheal balogun headquarters lagos island lagos 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 nigeria with the vision to be the premier financial services group of african origin . contents 1 overview 2 history 3 subsidiaries 4 ownership 5 branches 6 governance 7 see also 8 references 9 external links overview edit 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 . 2 history edit 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 nigerian stock exchange nse by introduction on 21 december 2004 . 3 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 . 4 in february 2012 following regulatory approval fcmb acquired 100 % shareholding and began integration of finbank in its existing operations . 5 subsidiaries edit 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 6 fcmb capital markets limited investment banking & advisory services lagos nigeria fcmb united kingdom limited investment banking london united kingdom csl stockbrokers limited stock brokerage services lagos nigeria legacy pension fund administrators pension fund administrators abuja nigeria credit direct limited microfinance lending lagos nigeria ownership edit the shares of stock of first city monument bank are listed on the nigerian stock exchange where they trade under the symbol fcmb . the current detailed shareholding in the bank following the merger with finbank is not publicly available . branches edit the bank maintains its headquarters in lagos nigeria s financial capital and largest city . as of july 2012 update it maintains over 310 networked branches in all 36 states of the federal republic of nigeria making it the 7th largest nigerian bank by branch network . fcmb had 133 branches before it merged with finbank which had 180 branches . fcmb also maintains a branch in the united kingdom and a representative office in the republic of south africa . 7 governance edit the chairman of the 15 member board of directors is jonathan long . ladi balogun serves as the group managing director and chief executive officer . 8 see also edit list of banks in nigeria economy of nigeria references edit http www.fcmb.com investor relations audited december 2011 financial report fcmb at a glance fcmb expresses interest in finbank fcmb finalizes finbank acquisition member companies of first city group total number of branches exceeds 310 board of directors of fcmb external links edit fcmb group website first city monument bank fcmb at alacrastore first city monument bank fcmb at bloomberg first city monument bank fcmb at nigerian stock exchange retrieved from https en.wikipedia.org w index.php title first city monument bank & oldid 715409106 categories companies listed on the nigerian stock exchangebanks of nigeriabanks established in 1982companies of nigeriacompanies based in lagoseconomy of nigeria1982 establishments in nigeriahidden categories pages using infobox company with unsupported parametersarticles containing potentially dated statements from december 2011all articles containing potentially dated statementsarticles containing potentially dated statements from july 2012 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent 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