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Two units of Nigeria-based FCMB Group have received recognition at the BusinessDay Banking Awards in Lagos.
FCMB Bank (UK) Limited is an independently incorporated, wholly-owned subsidiary of First City Monument Bank Ltd (FCMB), a member of the FCMB Group PLC, a leading financial services group based in Nigeria.
The second optimization process aims at optimizing the FCMB strategy.
FCMB blamed the loss on the underwriting of a number of share issues dating back to 2009 as well as on non-performing loans it divested to the state-backed rescue bank AMCON in Nigeria.
Gerald Kay, Chairman of INB, "Now that the AIPwLV technology platform has been validated, we have engaged FCMB to develop specific vaccine products using the AIPwLV platform, the first of which is influenza vaccine.
On the activity chart, FCMB was the most traded stock today, exchanging a total of 192.
To qualify, an SME is required to open an FCMB Business Account and sign up for a business debit card.
In liabilities, Access Bank was again one of two that saw an increase--two per cent for Access and 11 per cent for First City Monument Bank (though -5 FCMB suffered a 151 per cent drop in net profit).
4m while FCMB Holdings' PAT also declined by 93% year-on- year to $2.
M2 EQUITYBITES-March 20, 2012--Nigerian FCMB enjoys rise in 2011 revenue(C)2012 M2 COMMUNICATIONS http://www.
The banks are UBA, Access Bank, Ecobank, Diamond Bank, FCMB, Zenith and Stanbic IBTC.
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