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…represents 10 percent of total loan portfolio
First City Monument Bank (FCMB) has grown its loan portfolio to the agriculture sector in Nigeria to N74.10 billion, representing 10 percent of the Bank’s total loans. This figure is one of the highest in the banking industry. The feat, which was achieved in December 2020, is a signal that the deliberate strategy and sustained support of the lender to agribusiness are yielding the desired results and that the Bank’s deployment approach has been widely appreciated. It also represents another milestone and bold step by the Bank to further expand and deepen its support to agribusiness, its value-chain and the overall growth of the Nigerian economy. ....

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