Subsidiaries of FCMB Group Plc
FCMB Group Plc’s subsidiaries are leaders in their respective markets and they provide significant cross-sell synergies and economies of scope for the Group:
The Bank, which is the flagship company of the Group, is a full service commercial bank with a strong retail focus. It employs over 3,000 employees with a customer base of over 5 million customers and 205 branches and cash centres distributed across every state of the Federal Republic of Nigeria. The Bank is a top 10 lender in Nigeria and parent company of two subsidiaries: FCMB UK Limited and Credit Direct Limited (a leading consumer finance company providing financial support to 100,000 new customers every year).
FCMB Capital Markets Limited is licensed, by the Nigerian Securities and Exchange Commission, as an issuing house and financial advisor. FCMB Capital Markets Limited provides advice and arranges finance for public institutions and top-tier companies across various sectors. The specific services provided include corporate finance and strategic advice; project and structured finance; mergers and acquisitions including divestments, spin-offs and leveraged buy-outs; and corporate restructuring including delisting. FCMB Capital Markets Limited remains a market leader in its field.
CSL Stockbrokers Limited is a leading stockbroking and investment management firm in Nigeria. Its equity and macroeconomic research is recognised internationally and the firm executes a significant share of international portfolio trades on the Nigerian Stock Exchange. The firm is positioning itself to be the leading conduit of portfolio investment into Sub-Saharan Africa.
FCMB Trustees Limited
FCMB Trustees Limited (FCMBT), previously called CSL Trustees Ltd, a SEC-licensed company, partners with clients to ensure fund assets are kept securely and serviced properly, in the interest of beneficiaries. FCMBT's expanded trustee services include debenture trustee, security trustee, facility agent, escrow agent, management of private trusts, employee stock ownership plans and employee welfare trustee. The company’s technical specialisation, individualised client focus, national coverage (enabled by FCMB Ltd’s distribution network), responsiveness and monitoring programmes have enabled it to become one of the fastest growing trustees in the country. FCMBT is increasingly the choice of trustee for lenders, borrowers and investors.
FCMB Pensions Limited – owned 91.6% by FCMB Group Plc - is a private limited liability company incorporated on 7th April 2005, duly licensed by the National Pensions Commission (PENCOM) to carry on business as a Pension Fund Administrator (PFA), as defined under the Pension Reform Act 2014.
Credit Direct Limited is a leading unsecured micro-lending company that focuses on payroll lending.
FCMB Microfinance Bank Limited is an arm of FCMB Group Plc that provides financial services to the unbanked low income segment, especially women in the rural parts of the country.