Brand Expansion: FCMB to Open 27 New Branches in Lagos


In a bid to provide financial services to larger number of its customers, First City Monument Bank Limited (FCMB) has concluded plans to increase the number of its branches nationwide. Founder of the bank, Otunba Micheal Subomi Balogun who disclosed on Monday said the bank would soon open 27 new branches in Lagos, adding that new branches would also be opened in other regions in the country this year.

According to him, “FCMB is having about 300 branches now and the target is that everybody should have access to the bank in every nook and cranny in Nigeria. FCMB is adding 27 new branches in Lagos, it is opening so many more branches in the South-west; it is adding so many in the north, South-south and South-east.”

While expressing his optimism of a bright future for the FCMB brand, octogenarian said the culture of the financial institution would help place it among the top five commercial banks in the next few years.  “I am expecting that FCMB would be the best place for everyone that wants to keep his or her money. FCMB would also be the first place for everyone to go and ask for financial assistance, FCMB would be the best place for everyone to seek to work and FCMB would be the best place that carries all the ideals that has taken me to where I am. Definitely it would be among the best five. But there are certain things in which it can excel that you can compare with any bank and that is the culture of excellence,” he said.