FCMB says it will dispense “20,000 new loans every month”

THE FCMB Group Plc has assured that the bank would embrace new business opportunities in order to enhance profitability and increase shareholders’ value in 2015 financial year.

• The Managing Director, FCMB Group Plc, Peter Obaseki, disclosed this at the company’s ‘facts behind the figures’ at the Nigerian Stock Exchange (NSE) in Lagos recently.
• Obaseki said that the company would be committed to operational efficiencies and value creation in spite of the slow outlook expected in the financial institutions in 2015.
• He pointed out that 2015 financial year would be a difficult naira depreciation and drop in oil prices at the international markets, but however, added that the bank would be committed to cost optimization and efficiency to increase shareholders value.
• Obaseki said that FCMB was one of the only two financial institutions in the country permitted to have a pension fund administrator subsidiary by Central Bank of Nigeria (CBN).
• Balogun said that the bank would emerge as one of the most relevant financial services brands in the country in a near future. He stated that the bank would acquire 50,000 new customers and as well dispenses 20,000 new loans every month.
• Source Guardian