First City Monument Bank Group (FCMB) has announced impressive growth in its digital operations in the financial results for the nine months ending September 31, 2025. The digital division, which includes digital lending, payments, and wealth management services, continues to play a central role in FCMB’s ongoing digital transformation.
The bank revealed that its digital business contributed 13.7% (N113.6 billion) to its total gross revenue of N828.1 billion, showing increased customer reliance on FCMB’s digital platforms and financial tools.
Digital Revenue Jumps 54% Year-on-Year
Digital revenue climbed significantly from N73.6 billion in September 2024 to N113.6 billion in September 2025, representing a 54% year-on-year growth rate. This rise is tied to higher adoption of FCMB’s mobile apps, digital loans, payments services, and wealth management offerings.
A key driver of this momentum has been FCMB’s homegrown core banking platform, which has:
- Accelerated product rollout
- Reduced dependence on external vendors
- Lowered long-term technology and maintenance costs
Digital Banking Enhances Efficiency
According to FCMB, its digital transformation continues to streamline business processes.
“Automating key operations has lowered manual workload, reduced expenses, and boosted profitability,” the group noted.
This proprietary core banking system is now fully deployed across:
- Commercial & Retail Banking
- Investment Banking
- Asset & Wealth Management
Digital Business Breakdown: N133.6 Billion in 2025
FCMB’s digital business arm recorded N133.6 billion in revenue across its divisions in the nine-month period, with the following breakdown:
1. Digital Lending – N84.5 Billion (74.4%)
Digital lending remains FCMB’s strongest growth engine.
Key performance highlights include:
- Over N357 billion in loans disbursed via digital channels in 2024
- More than 1.6 million individual digital loans issued
- 18,000 SME loans granted in 2024
FCMB’s digital loan portfolio features:
- FastCash loans
- Salary-Plus loans
- SME Digital Loans
- Nano Loans
This category remains the largest contributor to digital revenue.
2. Digital Payments – N26.1 Billion (23%)
The digital payments segment contributed N26.1 billion, reflecting increasing customer trust in FCMB’s payment services.
Digital payment offerings include:
- Transfers and bill payments
- Bulk payments via FCMBOnline Business
- POS and card transactions
- USSD and mobile app payments
- Online merchant payments
- FCMBCollect for businesses managing multiple payment inflows
3. Digital Wealth and Other Services
FCMB continues expanding digital wealth management tools, enabling customers to manage investments, savings, and advisory services online.
Conclusion
FCMB’s nine-month 2025 performance reinforces its position as a leader in digital banking innovation. With strong growth in digital lending, rising payment adoption, and a powerful proprietary core banking platform, FCMB is solidifying its future as more Nigerians embrace digital financial services.
