FCMB Group Plc convened its 12th Annual General Meeting AGM in Lagos on April 29, 2025, where shareholders endorsed the Groups 2024 financial results and approved key resolutions to drive future growth and strengthen governance.
FCMB Group closed 2024 with total assets of ?7.1 trillion and deposits of ?4.3 trillion. The Groups digital transformation gathered pace as digital revenues reached ?101.9 billion, accounting for 13 of gross earnings, while loans grew 28 to ?2.4 trillion.
The companys non-banking divisions also achieved impressive growth, accounting for over 30 of the Groups total profits. Investment Managements Assets Under Management grew by 35 YoY to N1.4 trillion. The Capital Markets business sustained its performance, with gross earnings and PBT growing YoY by 57 and 62, respectively.
Lending to SMEs, agriculture, and women-owned businesses exceeded N425 billion, N271 billion and N30 billion, growing year on year by 31, 33 and 68 respectively, demonstrating FCMBs commitment to its purpose of fostering inclusive growth.
Speaking at the AGM, Mr. Oladipupo Jadesimi, Chairman of FCMB Group, commended the Groups diversified business model and the resilience of its workforce. As we navigate an evolving economic landscape, we remain resolute in our mission, leveraging our Group structure and collective strengths to build a future where excellence is not only measured by our achievements but by the positive and sustainable impact we create. This commitment is grounded on the deliberate consideration of facilitating sustainable business growth and capital requirements, with the overarching goal of optimising long-term value for our shareholders.