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FCMB Sees Flat Loan Growth, Eyes UK Licence - Business - Nairaland

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FCMB Sees Flat Loan Growth, Eyes UK Licence by Lammy05(m): 7:06pm On Nov 25, 2021
A mid-tier lender, First City Monument Bank, expects loan growth to be flat this year — down from last year’s 5.4 per cent rise — as oil companies pay down debt, according to its Group Chief Executive Officer, Ladi Balogun.

Balogun said the bank would focus on retail banking with a higher margin this year to make up for a drop in government bond yields as the lender might not be able to write large loans quickly enough to counter-balance repayments by oil firms.

He said the economy was improving after the country experienced its worst recession in a quarter of a century in 2016, which should boost consumers, Reuters reported.

“We expect to see large repayments in the oil and gas sector this year. We agree that the (economy) will be improving but largely because of chunky pay-down; we don’t think we would be able to replace quickly,” he told an analyst call, adding, “We are pushing more in the area of retail banking.”

Balogun said the group was seeking to convert its wholesale banking unit in Britain, FCMB UK, into a retail bank, as part of its push to grow its balance sheet and tap into non-institutional customers in Britain.

He stated that the impact of the British strategy would not be immediate but would enable the lender to achieve incremental growth.
https://punchng.com/fcmb-sees-flat-loan-growth-eyes-uk-licence/

1 Like 1 Share

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by Xzellentgraphic: 7:26pm On Nov 25, 2021
It's a great move
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by EricSmallz(m): 9:20pm On Nov 25, 2021
I no understand this thing sad

19 Likes 1 Share

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by ayotundebunmi(m): 9:20pm On Nov 25, 2021
Good move
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by ojun50(m): 9:21pm On Nov 25, 2021
Everything sweet
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by tradepunter: 9:21pm On Nov 25, 2021
Gl
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by Gbagura: 9:22pm On Nov 25, 2021
Buy me beers
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by Flexherbal(m): 9:22pm On Nov 25, 2021
Let me leave financial matters for my accountant

2 Likes

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by mhktaryan(m): 9:22pm On Nov 25, 2021
angry
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by STRI1: 9:22pm On Nov 25, 2021
Ok
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by omofranyoung(m): 9:23pm On Nov 25, 2021
Economist in the house what does these post mean.., when in reality the prices of Goods and services in going up.....

2 Likes

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by JustPowerApps: 9:28pm On Nov 25, 2021
cheesy grin grin grin cheesy
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by Perfectnumber6(m): 9:29pm On Nov 25, 2021
FCMB= Your Bank and Your wife for them ogas

8 Likes

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by revived: 9:34pm On Nov 25, 2021
Shiiiity bank

2 Likes

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by abu12: 9:36pm On Nov 25, 2021
Perfectnumber6:
FCMB= Your Bank and Your wife for them ogas

the bank is growing
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by espn(m): 9:36pm On Nov 25, 2021
Gbam
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by Zhahovic(m): 9:37pm On Nov 25, 2021
Which economy is improving?..are they sick in the head?

3 Likes

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by opalu: 9:41pm On Nov 25, 2021
Ok
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by lamidex(m): 9:42pm On Nov 25, 2021
Ok, if you're passionate about blogging and can drive traffics, let's work together, 70-30%. Serious people only.

Platform is there already but not earning enough, running AdSense and Media.net
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by Emmy3(m): 9:55pm On Nov 25, 2021
FCMB is a very nonsense bank.
They refused to revert my 16k on a failed transaction since September 8th after series of calls and emails even till now.
After 1 month, I decided to borrow 36k and jakpa, now their stupid customer support team is going calling me to pay the loan.
I nor go pay. I done make up my mind and if them try to intimidate me with legal measures; I go burn down one of their branches.

None sense idiots.

7 Likes

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by dejavuh0007(m): 9:57pm On Nov 25, 2021
.
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by omoadeleye(m): 9:57pm On Nov 25, 2021
Good for them, this wouldn't increase the value of my cash deposit with them.
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by ALCOHOLKILLS(m): 10:00pm On Nov 25, 2021
Stupid bank angry

1 Like

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by Emmy3(m): 10:03pm On Nov 25, 2021
Stupid bank. I have been sending 1 naira to my account with bitcoin as narration. Them still never close the account.
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by Ifesinachi22(m): 10:05pm On Nov 25, 2021
Emmy3:
FCMB is a very nonsense bank.
They refused to revert my 16k on a failed transaction since September 8th after series of calls and emails even till now.
After 1 month, I decided to borrow 36k and jakpa, now their stupid customer support team is going calling me to pay the loan.
I nor go pay. I done make up my mind and if them try to intimidate me with legal measures; I go burn down one of their branches.

None sense idiots.

I saw your complaint on Playstore.

Still the best bank on hassle free opening of account through the app

2 Likes

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by Oleka1: 10:14pm On Nov 25, 2021
That means they are really doing well.


If you are in Lagos, I am into production, packaging and distribution of popcorn and we have different distributors in different areas. If you want to partner with me and we share profit. Contact me

1 Like

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by Risingblue008(m): 10:17pm On Nov 25, 2021
Bullshit upon bullshit
Yet
I don't give a shit
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by Shellsploit: 10:18pm On Nov 25, 2021
Very useless bank!

1 Like

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by okekekelechib(m): 10:32pm On Nov 25, 2021
Retail Banking is the primary focus of most banks cus there is a deep drop in oil and gas. The GDP of is dwindling as well. Inflation, tax and high cost of living.
So most financial institutions dived into retail marketing and banking cus of high turnover based on number. Soft loan with little interest encourages retail banking boost ur customer base.

1 Like

Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by andsboy29: 10:57pm On Nov 25, 2021
Nice one
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by LagbajaTheBEREAN: 10:59pm On Nov 25, 2021
Good news....
Re: FCMB Sees Flat Loan Growth, Eyes UK Licence by clothingonline(m): 11:01pm On Nov 25, 2021
Bank of the youth

Affordable men clothing payment on delivery

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