FCMB Group PLC operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares FCMB Group PLC with three other
companies in this sector in NIGERIA :
Sterling Bank Public Limited Company
sales of 152.00 billion Nigerian Naira [US$421.05 million]
of which 16%
was Corporate Banking),
Union Bank of Nigeria PLC
(158.94 billion Nigerian Naira [US$440.27 million]
of which 36%
was Retail Banking), and
Fidelity Bank Plc
(213.81 billion Nigerian Naira [US$592.24 million]
of which 46%
was Retail Banking).
FCMB Group PLC reported sales of 181.13 billion Nigerian Naira (US$501.74 million)
December of 2019.
increase of 2.2%
versus 2018, when the company's sales were 177.19 billion Nigerian Naira.
Sales of Institutional Banking saw an increase
that was more than double the company's growth rate: sales were up
24.2% in 2019, from
4.12 billion Nigerian Naira to 5.12 billion Nigerian Naira.
FCMB Group PLC also saw significant increases in sales in
Retail Banking (up 14.1% to 45.27 billion Nigerian Naira)
Commercial Banking (up 11.1% to 2.30 billion Nigerian Naira)
Not all segments of FCMB Group PLC experienced an increase in sales in 2019:
sales of Investment Banking fell 19.0% to 5.74 billion Nigerian Naira.
(However, this segment's sales were only a very small portion of the company's overall sales).
FCMB Group PLC also experienced decreases in sales in
Sme Banking (down 5.8% to 26.90 billion Nigerian Naira)
Corporate and Commercial Banking (down 17.0% to 13.10 billion Nigerian Naira)
Treasury and Financial Institutions (down 19.0% to 8.87 billion Nigerian Naira)
Asset Management (down 0.9% to 3.49 billion Nigerian Naira)