FCMB Bank (UK) Limited is an independent and 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. Our offering in trade finance supports the needs of its customers together with the existing customers of its Parent, its market position and its strategy of emphasising activities with predictable, low risk revenues that support group clients in their international trade.
We have an experienced and effective team of trade finance professionals delivering high levels of service to our clients and customers and are often praised by beneficiaries and bank partners. Our trade finance team is focused on reinforcing our existing relationships together with the establishment and development of new ones supported by experienced credit, compliance and operations teams coming together to continue to provide a first class service to our customers, clients and banking partners.
Our primary strategic emphasis is Sub-Saharan Africa but our focus is also extending to North Africa, the Middle East and Turkey, Indian sub- continent and beyond into Asia to the benefit of our customers, clients and banking partners.
Our ongoing support for this business is a direct result of our London presence and as a subsidiary in a hard currency jurisdiction we have been a steady provider of liquidity to our parent and other Nigerian banks.
Our risk appetite also extends to medium term transactions too. In fact, unlike many of our peers we have a niche in the trade finance market and consider discounting medium term transactions where the underlying trade relates to say capital goods, subject to credit and funding constraints.
We are delighted to have received this award and it is greatly appreciated by us all at FCMB Bank (UK) Limited as it means our efforts and commitment to providing the best service to our clients, customers and partners are duly recognised.
The Bank has four core offerings being Trade Finance, Corporate Banking, Treasury Services and Stockbroking.
Our dedicated team, with a wealth of experience and expertise in Trade Finance, particularly in Sub-Saharan Africa, advises and executes on the majority of products within the Trade Finance arena including;
Import and Export Letters of Credit, Stand-by Letters of Credit, Promissory Notes, Bills of Exchange, Collections, Guarantees, Without Recourse Discounting and Risk Participations.
Our Corporate Banking team is currently focused on providing business banking services to private sector companies with active trading links in and out of West Africa.
Our value proposition is built around developing a deep understanding of each of our clients’ businesses permitting a tailoring of Short Term Working Capital Finance, Medium Term Lending and Guarantee products to create effective financial solutions that meet their specific needs.
With the support of our Trade Finance and Treasury teams these solutions can be further refined by our specialists to ensure that each proposal we make is tailored to the clients’ needs.
Wholesale Deposit Taking – Fixed & Notice Deposits, Foreign Exchange and Fixed Income Sales
The Treasury team offer Corporate customers competitive Spot and Forward Exchange rates (subject to terms and conditions), Fixed Income transaction services focussed on, but not limited to, Sub-Saharan African issuance and Fixed-Term and Notice deposit accounts in USD, GBP and Euro.
CSL Stockbrokers, a division of FCMB Bank (UK) Ltd, is a leading un- conflicted Nigerian broker offering over 30 years of agency brokerage on the Nigerian Stock Exchange (NSE) via our sister company CSL Stockbrokers Limited, Lagos. In addition to this, we are able to provide high quality market insight and superior market research whilst ensuring we maintain first class client support.