FCMB Group Plc and its subsidiary companies reported a stronger balance sheet for the period ended 30 September 2025, with total assets rising to N7.23 trillion, compared with N7.05 trillion as of 31 December 2024.
The Group’s unaudited financial position shows improved liquidity buffers, growth in investment securities, and higher cash balances, although some asset categories recorded notable declines during the period.
Total Assets Cross N7.23 Trillion
The Group’s total assets increased by N177.42 billion, driven primarily by stronger cash and investment positions.
Key changes in major asset lines:
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Cash and Cash Equivalents:
Increased from N795.39 billion to N1.56 trillion on a stronger liquidity base and improved money-market positioning. -
Investment Securities:
Expanded to N1.50 trillion, up from N1.19 trillion, indicating higher allocations to government securities and other investment-grade assets. -
Non-Pledged Trading Assets:
Rose to N362.31 billion from N319.11 billion, driven by increased trading activity and fair-value movements. -
Derivative Assets:
Increased to N2.65 billion, from N1.45 billion, reflecting higher derivative positions undertaken for risk management. -
Loan Book:
Declined slightly from N2.36 trillion to N2.29 trillion, as the Group balanced between portfolio quality and cautious lending in a high-interest environment. -
Assets Pledged as Collateral:
Dropped sharply from N401.70 billion to N114.69 billion, showing reduced collateral requirements and adjustments in secured funding positions. -
Restricted Reserve Deposits (CRR):
Declined to N1.16 trillion, from N1.44 trillion, reflecting CBN policy adjustments and liquidity optimisation. -
Other Assets:
Fell materially from N446.07 billion to N136.44 billion, indicating recovery of receivables and settlement of outstanding balances.
Property, intangible assets, and investments in associates recorded moderate increases consistent with ongoing operational expansion.
The Parent Company’s total assets also rose from N369.76 billion to N380.31 billion, driven mainly by higher investment in subsidiaries and improved cash position.
Liabilities Rise Mildly to N6.43 Trillion
Total liabilities increased slightly from N6.37 trillion to N6.43 trillion.
Major liability movements:
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Deposits from Customers:
Increased to N4.40 trillion from N4.30 trillion, confirming continued customer confidence and stable funding inflows. -
Deposits from Banks:
Grew to N904.81 billion, from N834.89 billion, reflecting higher interbank borrowing and liquidity trading positions. -
Derivative Liabilities:
Declined significantly to N80 million, from N2.61 billion, indicating reduced hedging pressures. -
Current Tax Liabilities:
Dropped from N38.23 billion to N14.25 billion, following tax settlements during the period. -
Debt Securities Issued:
Fell to N134.79 billion, from N199.08 billion, reflecting bond maturities or partial repayments. -
Borrowings:
Increased to N400.72 billion, from N359.86 billion, indicating new funding arrangements to support balance sheet expansion. -
Other Liabilities:
Declined sharply from N411.41 billion to N266.61 billion, following settlements and reduced short-term obligations.
Total liabilities for the Parent Company rose to N26.03 billion, from N18.82 billion, driven mainly by higher borrowings and increased trade obligations.
Equity Strengthens by Over N117 Billion
Total equity attributable to shareholders rose to N805.01 billion, up from N688.17 billion, supported by:
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Higher retained earnings (up from N188.44 billion to N291.91 billion)
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Increased share capital (from N19.80 billion to N21.39 billion)
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Stable AT1 capital of N46.69 billion
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Growth in share premium (from N246.43 billion to N267.57 billion)
Although Other Reserves declined from N186.81 billion to N177.46 billion, the Group’s equity base remains strong, reflecting stronger profitability recorded in the 2025 financial year-to-date.
Non-controlling interests also increased modestly to N918.50 million from N810.63 million.
Capital Position Remains Strong; Acceptances and Guarantees Rise
The Group’s capital adequacy remains supported by:
Acceptances and guarantees rose to N798.67 billion, compared with N709.27 billion in 2024, aligning with increased off-balance-sheet obligations in trade finance and credit support activities.
Summary: Strong Liquidity, Modest Asset Growth, and Improved Capitalisation
FCMB Group Plc enters the final quarter of 2025 with:
Strengths
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Strong liquidity growth driven by cash and investment securities
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Stable customer deposit inflows
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Strengthened equity base and retained earnings
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Lower derivative liabilities and short-term obligations
Pressure Points
The Group’s balance sheet remains broadly resilient, supported by strong customer deposits, improved liquidity concentration, and stable capital buffers.