FCMB ris­ing above chal­lenges – CEO

Daily Trust - - BUSINESS - From Sun­day Michael Ogwu, Lagos

From a hum­ble be­gin­ning, 33 years ago, as a Stock­broking Com­pany and an Is­su­ing House, known as City Se­cu­ri­ties Lim­ited (CSL) and sub­se­quently a Mer­chant Bank, the First City Mon­u­ment Bank (FCMB) Lim­ited brand has stayed the course in spite of the chal­leng­ing macroe­co­nomic and reg­u­la­tory en­vi­ron­ment.

The bank said though the jour­ney has wit­nessed low and high mo­ments, FCMB has risen above chal­lenges over the years to emerge as one of the lead­ing re­tail and com­mer­cial bank­ing-led in­sti­tu­tions in cor­po­rate Nige­ria.

Speak­ing on some de­vel­op­ments over the years, the Group Man­ag­ing Di­rec­tor/ Chief Ex­ec­u­tive Of­fi­cer of the Bank, Mr. Ladi Ba­lo­gun said, ‘’we have a great foun­da­tion to con­tinue to build on and we are con­fi­dent that our strategy is build­ing the nec­es­sary re­silience.”

An­a­lysts are of the opin­ion that the abil­ity of the Bank to con­stantly rein­vent itself, people and pro­cesses in tan­dem with the cur­rent and emerg­ing dy­nam­ics of the en­vi­ron­ment is largely on ac­count of its age-long ‘’Cul­ture of Ex­cel­lence and Pro­fes­sion­al­ism’’.

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