FCMB Group Eyes Global Expansion With New Equity Capital Offering
FCMB Group Plc is planning a new equity capital offering to strengthen its balance sheet for regional and global expansion. The offering was approved at a shareholder Extraordinary General Meeting, with the flagship banking unit, FCMB Limited, set to receive the proceeds.
The offer will be priced at the live market rate plus a discount to promote investor involvement. The Group reported a profit of N8.6 billion in the first half of 2025, a 23% increase from the same period in 2024.
Despite increased interest expenses and operating costs, FCMB's gross earnings rose by 41% year-on-year to N56 billion. The Group's total assets reached N7.5 trillion by March 2025, up from N5 trillion at the end of 2024.
FCMB Asset Management Limited has also announced internship opportunities for recent graduates interested in finance and research.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
FCMB Group Profit Before Tax Up 23% YoY to N79.3bn
FCMB Faces Challenges Despite Optimistic Q4 2025 Profit Forecast
FCMB Extends Q3 2025 Results Filing Deadline, Expects Positive Performance
FCMB Celebrates Customer Service Week 2025 with Innovation
Central Bank of Nigeria Lowers Monetary Policy Rate to 23%
Crude Oil Prices Surge, Impacting Nigerian Fuel Costs
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
