Home > Product & Services > History


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.

FCMB Group Plc was formed as a non-operating holding company for the existing group entities in June 2013 and was listed on the Nigerian Stock Exchange (NSE). This followed the issuance of Regulation 3 by the Central Bank of Nigeria (CBN) in 2010, which required banks to divest their non-Banking businesses or retain them under a CBN-approved financial group structure.

First City Monument Bank Ltd (‘FCMB’) is the flagship of the Group and is a wholly owned primary banking entity. From its early origins in investment banking as City Securities Limited in 1977, FCMB has emerged as one of the leading financial services institutions in Nigeria. It was incorporated as a private limited liability company on 20 April 1982 and granted a banking licence on 11 August 1983. On 15 July 2004, the Bank changed its status from a private limited liability company to a public limited liability company subsequently listing on the Nigerian Stock Exchange, by introduction, on 21 December 2004. Subsequent to the formation of the holding company in June 2013, FCMB was delisted and converted to a private limited company.

As at December 2017, FCMB had 3.7 million customers and 204 branches in Nigeria and a wholly owned subsidiary in the United Kingdom.

FCMB Bank (UK) Limited began operations as a BIPRU €50k investment firm in September 2009 with its CSL Stockbrokers division proving the services of “receiving and transmitting” institutional client orders for Nigerian listed securities.

Subsequent to the regulatory approval of a variation of permission on 27th September 2013, the Bank commenced wholesale deposit taking activities, offering a wide range of products including foreign exchange, treasury, corporate banking and trade finance services to corporate and institutional customers.

Following a further variation of permission in June 2018 the Bank expanded its proposition to include Personal and Business Banking, providing first-rate banking services to High Net Worth Individuals and Business Enterprises.

The USA PATRIOT Act requires, foreign banks that maintain a correspondent account in the USA, to complete a certification. To meet this certificate requirement, FCMB Group Plc has prepared a certificate (USA Patriot Act Certificate) for use by any financial institution that requires such certification from FCMB Group Plc or its overseas entities. This certification should be used as reference by any Bank with which FCMB Group or its overseas entities have a correspondent account.

Please click here to view the USA Patriot Act Certificate

About cookies on our website

Following a revised EU directive on website cookies, each company based, or doing business, in the EU is required to notify users about the cookies used on their website.

Our site uses cookies to improve your experience of certain areas of the site and to allow the use of specific functionality like social media page sharing. You may delete and block all cookies from this site, but as a result parts of the site may not work as intended.

To find out more about what cookies are, which cookies we use on this website and how to delete and block cookies, please see our Which cookies we use page.

Click on the button below to accept the use of cookies on this website (this will prevent the dialogue box from appearing on future visits)