FCMB UK

Trade Finance Firm of the Year - United Kingdom

Profile

FCMB Bank (UK) Limited is an independent and wholly-owned subsidiary of First City Monument Bank Ltd. Our offering in trade finance supports the needs of our customers together with the existing customers of our Parent. Our market position and strategy emphasises activities with predictable, low risk revenues that support group clients in their international trade across Sub Saharan African and beyond.

We have an award winning experienced and effective team of trade finance professionals delivering high levels of service to our clients and customers. We are often praised by beneficiaries and bank partners. Our trade finance team is focused on reinforcing our existing relationships together with the establishment and development of new ones supported by experienced credit, compliance and operations teams coming together to continue to provide a first class service to our customers, clients and banking partners.

Our primary strategic emphasis is Sub-Saharan Africa and are active in over 15 countries on the continent but our focus extends to the Middle East and Turkey, Indian sub-continent and beyond into Asia to the benefit of our customers, clients and banking partners.

Our ongoing support for this business is a direct result of our London presence and as a subsidiary in a hard currency jurisdiction, we have been a steady provider of liquidity to over 20 Nigerian banks who hold accounts with us.
Our risk appetite also extends to medium term transactions too. In fact, unlike many of our peers we have a niche in the trade finance market and discount medium term transactions where the underlying trade relates to say capital goods, subject to credit constraints. We are also an active player in the Syndicated Lending Market supporting a wide range of banks and sovereigns across Africa and beyond. We also actively assist in the export of African goods to a wide range of countries in Asia and Europe.

We are delighted to have received this award again and it is greatly appreciated by us all at FCMB Bank (UK) Limited as it means our efforts and commitment to providing the best service to our clients, customers and partners are duly recognised.

The Bank has four core offerings being Trade Finance, Corporate Banking, Treasury Services, and Personal & Business Banking.

Trade Finance
Our dedicated team, with a wealth of experience and expertise in Trade Finance, particularly in Sub-Saharan Africa, advises and executes on the majority of products within the Trade Finance arena including;

Import and Export Letters of Credit, Stand-by Letters of Credit, Promissory Notes, Bills of Exchange, Collections, Guarantees, Without Recourse Discounting and Risk Participations.

Corporate Banking
Our Corporate Banking team is currently focused on providing business banking services to private sector companies with active trading links in and out of West Africa.

Our value proposition is built around developing a deep understanding of each of our clients’ businesses permitting a tailoring of Short Term Working Capital Finance, Medium Term Lending and Guarantee products to create effective financial solutions that meet their specific needs.

Treasury Services
Retail and Wholesale Deposit Taking – Fixed & Notice Deposits, Foreign Exchange and Fixed Income Sales.

The Treasury team offer customers competitive Spot and Forward Exchange rates (subject to terms and conditions), Fixed Income transaction services focussed on, but not limited to, Sub-Saharan African issuance and Fixed-Term and Notice deposit accounts in USD, GBP and Euro.

Personal & Business Banking
To meet the banking needs of High Net Worth Individuals and SMEs, by providing a safe haven and being a provider of superior service in the running of current, savings and deposit accounts. Additionally, we seek to assist our customers acquire a ‘piece of London’ through the provision of our straight forward Buy-to-Let Mortgage Product.

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