Unaudited IFRS-Compliant Group Results for the three months ended 31 March 2012
First City Monument Bank’s consolidated financials indicate a stronger balance sheet with improved revenues, asset quality, liquidity and adequate CAR, in the first quarter of 2012
LAGOS, NIGERIA – 30 APRIL 2012 – First City Monument Bank PLC (Bloomberg: FCMB NL) (“FCMB” or the “Bank” or the “Company”) has announced its unaudited IFRS-compliant group results, which include the financials of its recently acquired entity, FinBank, for the three months ended 31 March 2012.
An improved and healthier balance sheet coupled with improving margins combined to produce these good results. The bank’s financial health indicators are also in excellent shape as evidenced by its ratios, particularly asset quality, liquidity and capital adequacy.
Conference Call & Webcast for Results
First City Monument Bank Plc (Bloomberg: FCMB NL) will be hosting a teleconference call and webcast for analysts and investors on Wednesday 2 May at 15.00 Lagos & London/ 10.00 New York/ 16.00 Johannesburg, with its senior management to review FCMB Plc’s unaudited IFRS-compliant group results for the three months ended 31 March 2012 and reply to questions from investors and analysts.
The teleconference call facility can be accessed by dialing:
UK Access Number: +44 (0)20 7784 1036
USA Access Number: +1 646 254 3365
South Africa Access Number: +27 11 019 7074
And then entering the following confirmation code: 8213410
Participants will have to quote the above code when dialling into the conference.
Participants can log on to the link for the webcast by going to “Upcoming Events” on the FCMB’s Investor Relations homepage, which can be accessed by clicking on http://investorrelations.firstcitygroup.com
Participants should please register for the call/ log-on to the webcast at least five minutes before the start of the conference call.
The presentation and all other related documents, for the call, will be posted under ‘What’s New’ on FCMB’s Investor Relations homepage, which can be accessed by clicking on http://investorrelations.firstcitygroup.com from 14.00 (Lagos) on Wednesday 2 May.
For those who are unable to listen to the live call, the recording of the webcast will be available under ‘Corporate Reporting – 2012’ on the FCMB’s Investor Relations website, which can be accessed by clicking on http://investorrelations.firstcitygroup.com The webcast recording will be done in real-time, so will be available as soon as the conference call & webcast begins at 15.00 (Lagos) on Wednesday 2 May.
For further information, please contact:
Ori Rewane (Head, Investor Relations)
Tel: +234 1 279 3030
Yemisi Edun (Chief Financial Officer)
Notes to editors:
About First City Monument Bank Group Plc
First City Monument Bank (FCMB) is a full service banking group, headquartered in Lagos, Nigeria.
FCMB is the flagship company of the First City Group, one of Nigeria’s leading comprehensive financial services providers. From its early origins in investment banking as City Securities Limited in 1977, FCMB (established in 1982) has emerged as one of the leading financial services institutions in Nigeria, a top 10 bank with subsidiaries that are market leaders in their respective segments.
FCMB was incorporated as a private limited liability company on 20 April 1982 and granted a banking license 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 and was listed on the Nigerian Stock Exchange by introduction on 21 December 2004.
The Bank completed the acquisition of FinBank Plc in February 2012. Following the acquisition, the FCMB Group now has 1.7 million customers, 330 branches and cash-centres spread across every state of the Federal Republic of Nigeria and a presence in the United Kingdom (through its FSA-authorised investment banking subsidiary, FCMB UK) and a representative office in the Republic of South Africa.
More information can be found at www.firstcitygroup.com
17A Tinubu Street,
Tel: +234 1 279 3030