By Cami Ezenwa
First City Monument Bank (FCMB) has yesterday, concluded its public offer that came with a huge promise of helping subscribers unlock investment possibilities.
As enticing as the banking brand itself, the offer was at a friendly N7.30 per as minimum purchase unit.
The Group’s public offer move, it informed, was support its banking subsidiary in complying with the minimum capital requirements newly introduced by the Central Bank of Nigeria.
“This requirement affects almost all banks in Nigeria, and they are also required to raise capital at this time”, according to information accessed from the bank..
The public offer, which remained a major item of discussion within investment quarters in the country for as long as it lasted, came with enticing promises.
Ability to deliver were anchored on among others ,FCMB’s over 40 years history, evolving from investment banking to a financial holding of 8,000 employees and its diverse businesses serving over 12.5 million digital customers across its subsidiaries.
On potential for growth the bank, said: “With a proven track record of delivering value to shareholders, FCMB has a history of consistent share price and dividend growth, with a remarkable return of 295.2% on share price over the past five years. Read more
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Highlighting on its Discounted Share Price, it said “potential investors can purchase shares at a discounted price compared to the secondary market by taking part in the public offering, potentially resulting in a greater return on investment”.
More than anything else, investors could anchor their hopes on, not only an efficient management, but also the fact that FCMB share price at the Nigerian Stock Exchange, has delivered an impressive return of 295.2% over the last five years.
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Cami Ezenwa is a Writer, Editor, Publicist, Biographer and Journalism Trainer
He has worked with the Daily Times, Daily Independent, Financial Standard and Business Television to mention some.
His ongoing Corporate Communications Master Class training series equips learners with credible hands-on skills for effective Media Relations, Public Communications & Corporate Affairs amongst others.
He can be contacted via 09165809519 or 08180335778.