FCMB Group Plc reported gross earnings of N529.2 billion for the first half of 2025, a 41% jump from N374.5 billion in the same period last year, with strong contributions from its operations in Rivers State and across Nigeria. The financial powerhouse’s performance highlights its growing influence in the nation’s banking sector.
The group’s profit before tax soared 64.2% to N51.4 billion, up from N31.3 billion in 2024, driven by a robust 53.4% rise in interest income to N413 billion from N269.2 billion. Non-interest income also grew 14.6% to N116.2 billion, fueled by digital banking and trading activities. In Rivers State, FCMB’s Port Harcourt branches have seen increased customer engagement, with local businesses benefiting from expanded digital loan offerings. The group’s focus on technology-driven services has bolstered its presence in key markets like Port Harcourt, where digital transactions surged.
FCMB’s loan portfolio expanded by 9.7% to N2.59 trillion, reflecting its commitment to supporting small and medium enterprises, agriculture, and women-owned businesses. The group disbursed N425 billion to SMEs, N271 billion to agriculture, and N30 billion to women-led ventures, with Rivers State among the beneficiaries of these initiatives. Total assets grew 24.4% to N7.37 trillion, while customer deposits rose 12.8% to N4.87 trillion, underscoring strong market confidence.
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Digital revenues, a cornerstone of FCMB’s strategy, reached N62.1 billion, accounting for 11.7% of gross earnings. The group’s investment management arm saw assets under management climb 2.9% to N1.41 trillion. FCMB’s capital-raising efforts, including a N144.6 billion public offer, are set to strengthen its national banking license, with plans for further recapitalization to meet Central Bank requirements by 2026.
Despite rising operating expenses, FCMB’s focus on digital innovation and inclusive finance positions it for sustained growth. In Rivers State and beyond, the group’s efforts are fostering economic resilience, empowering businesses, and driving Nigeria’s financial inclusion agenda forward.
