First Capital Bank Mozambique

Last updated

First Capital Bank Mozambique
Company type Public company
Industry Financial services
Founded2010;14 years ago (2010)
Headquarters
Maputo
,
Mozambique
Key people
 Hitesh Anadkat (Chairman), João Rodrigues (Chief Executive Officer)
Products Loans, Savings, Checking, Investments, Debit Cards, Mortgages
RevenueIncrease2.svgAftertax: MZN:33,366,951 (US$500,000+) (June 2019) [1]
Total assets MZN:4,316,793,808 (US$65.2 million) (June 2019) [1]
Number of employees
94 (2018 [2] )
Parent FMB Capital Holdings
Website www.firstcapitalbank.co.mz

First Capital Bank Mozambique (FCBM) is a commercial bank in Mozambique. It is licensed by the Bank of Mozambique, the central bank and national banking regulator. [3]

Contents

FCBM is a subsidiary of FMBCapital Holdings Plc, a financial services conglomerate, based in Mauritius, whose shares of stock are listed on the Malawi Stock Exchange and has subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe. [4]

The bank serves corporations, small and medium enterprises and individuals in Mozambique. As of June 2019, the bank's total assets were MZN:4,316,793,808 (US$65.2 million), with shareholders' equity of MZN:870,972,962 (US$13.2 million). [1] As of December 2018, the bank served over 16,000 customers at 4 branches, one service centre, 6 ATMs and employed 94 staff members. [2]

History

The bank was established in 2010 as International Commercial Bank Mozambique. In 2013, First Merchant Bank of Malawi successfully acquired the subsidiaries of International Commercial Bank in Malawi, Mozambique and Zambia. Although the banking business of ICB Malawi was not viable, FMB was able to enter into the other two countries through the acquisition. [5]

In December 2017, First Capital Bank Mozambique became a subsidiary of First Merchant Bank Capital Holdings Plc, of Mauritius, whose shares trade on the Malawi Stock Exchange (MSE), under the symbol: FMBCH [6]

Ownership

FMBCapital Holdings Plc maintains an 80 percent shareholding in First Capital Bank Mozambique Limited. [4]

See also

Related Research Articles

<span class="mw-page-title-main">KCB Bank Kenya Limited</span> Commercial bank in Kenya

KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. The bank has also been running Agency banking model.

<span class="mw-page-title-main">Ecobank</span> Pan-African banking conglomerate

Ecobank, whose official name is Ecobank Transnational Inc. (ETI), is a pan-African banking conglomerate, with banking operations in 33 African countries. It is the leading independent regional banking group in West Africa and Central Africa, serving wholesale and retail customers. It also maintains subsidiaries in Eastern and Southern Africa. ETI has an affiliate in France, and representative offices in China, Dubai, South Africa, and the United Kingdom.

<span class="mw-page-title-main">First Bank of Nigeria</span> Nigerian multinational bank

First Bank of Nigeria is a multinational bank and financial services company in Lagos, Nigeria. First Bank is owned by FBN Holdings PLC, which in itself has diversified ownership with over 1.3 million shareholders.

<span class="mw-page-title-main">United Bank for Africa</span> Nigerian financial services conglomerate

United Bank for Africa Plc (UBA) is a Multinational pan-African financial services group headquartered in Lagos Island, Lagos and known as Africa’s Global Bank. It has subsidiaries in 20 African countries and offices in London, Paris and New York. In December 2021, UBA received its banking license to commence operations in the UAE. It is listed as commercial bank by the Central Bank of Nigeria. The shares of stock of the group are listed on the Nigerian Stock Exchange, where they trade under the symbol: UBA. The Group Chairman of the bank is Tony Elumelu and the GMD/CEO is Oliver Alawuba.

KCB Group Limited, also known as the KCB Group, is a financial services holding company based in the African Great Lakes region. The Group's headquarters are in Nairobi, Kenya, with its subsidiaries being KCB Bank Kenya Limited, KCB Bank Burundi Limited, KCB Bank Rwanda Limited, KCB Bank South Sudan Limited, KCB Bank Tanzania Limited, KCB TMB Congo and KCB Bank Uganda Limited.

ICB Banking Group also referred to as Swiss Finance Lexomburg AG or ICB Financial Group, but commonly known as International Commercial Bank (ICB), is an International financial services provider based in Schindellegi, Switzerland, with subsidiaries in Eastern Europe, Africa and Asia. The parent company of the group was known as ICB Financial Group Holdings AG.

<span class="mw-page-title-main">First Capital Bank Botswana Limited</span> Commercial bank in Botswana

First Capital Bank Botswana Limited, formerly known as Capital Bank, is a commercial bank in Botswana, licensed by the Bank of Botswana, the central bank and national banking regulator. It is a subsidiary of FMBCapital Holdings Plc, a Mauritius-based financial services conglomerate, whose shares of stock are listed on the Malawi Stock Exchange and has subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe.

<span class="mw-page-title-main">First Capital Bank Malawi Limited</span> Malawian commercial bank

First Capital Bank Malawi Plc, formerly known as First Merchant Bank Plc, is a commercial bank in Malawi. It is licensed by the Reserve Bank of Malawi, the central bank and national banking regulator. It is a subsidiary of FMB Capital Holdings.

Prime Bank Kenya (PBKL) is a commercial bank in Kenya, licensed and supervised by the Central Bank of Kenya (CBK), the national banking regulator.

Indebank was a commercial bank in Malawi. It derived its name from Investment and Development Bank of Malawi Limited, the original name at the time of its founding. Indebank is one of the commercial banks licensed by the Reserve Bank of Malawi, the national banking regulator.

<span class="mw-page-title-main">FirstRand</span> South African financial service provider

FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator.

<span class="mw-page-title-main">First Capital Bank Zimbabwe Limited</span> Zimbabwean commercial bank

First Capital Bank Zimbabwe Limited, formerly known as Barclays Bank of Zimbabwe, is a commercial bank in Zimbabwe, licensed by the Reserve Bank of Zimbabwe, the central bank and national banking regulator.

Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.

Atlas Mara Limited, formerly referred to as Atlas Mara Co-Nvest Limited, is a financial services holding company formed to undertake the acquisition of target banks in Africa.

MCB Group Limited is a financial services holding company. Its headquarters is located in Port Louis, Mauritius, with subsidiaries and investments in Mauritius, France, India, Madagascar, Maldives, Mayotte, Mozambique, Réunion, Seychelles and South Africa.

<span class="mw-page-title-main">FMBCapital Holdings Plc</span> Mauritian financial services company

FMBCapital Holdings Plc, also referred to as First Capital Bank Group, is a financial services holding company based in Mauritius. It operates commercial banks in the Southern African countries of Botswana, Malawi, Mozambique, Zambia and Zimbabwe, which trade as First Capital Bank.

<span class="mw-page-title-main">First Capital Bank Zambia Limited</span> Zambian commercial bank

First Capital Bank Zambia Limited, is a commercial bank in Zambia that is licensed by the Bank of Zambia, the central bank and national banking regulator. It is a subsidiary of FMBCapital Holdings Plc, a financial services conglomerate, based in Mauritius, whose shares of stock are listed on the Malawi Stock Exchange and has subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe.

Botswana Insurance Holdings Limited is an investment, retirement, and insurance group that maintains its headquarters in Botswana and operates through three subsidiaries and holds a stake in a number of associate companies. BIHL Group was established in 1975 and has been listed on the Botswana Stock Exchange since 1991.

NICO Holdings plc is a diversified financial services group and is listed on the Malawi Stock Exchange.

Hitesh Anadkat is a Malawian businessman, investor and philanthropist. He is the founder of the African banking group FMB Capital Holdings.

References

  1. 1 2 3 First Capital Bank Mozambique (August 2019). "Financial Statements For The Six Months Ended 30 June 2019" (PDF). First Capital Bank Mozambique. Retrieved 8 April 2020.
  2. 1 2 FMBCapital Plc (31 May 2019). "Annual Report and Financial Statements For The 12 Months Ended 31 December 2018: What We Do And Where We Do It: Mozambique" (PDF). Ebene, Mauritius: FMBCapital Holdings Plc. p. 15. Retrieved 8 April 2020.
  3. ↑ Bank of Mozambique (2020). "List of Licensed Banks in Mozambique". Maputo: Bank of Mozambique. Archived from the original (In the original Portuguese Language) on 31 January 2020. Retrieved 8 April 2020.
  4. 1 2 African Financials (18 May 2018). "Profile of FMBCapital Holdings Plc". Africanfinancials.com. Retrieved 8 April 2020.
  5. ↑ CFTC Malawi (16 December 2013). "Takeover / Merger between First Merchant Bank and International Commercial Bank". Lilongwe: Competition and Fair Trading Commission of Malawi (CFTC Malawi). Archived from the original on 26 April 2018. Retrieved 8 April 2020.
  6. ↑ Alfred Chauwa (20 September 2017). "FMB Shareholders Make Historic Malawi Stock Exchange Debut". United Kingdom: Nyasa Times . Retrieved 8 April 2020.

25°58′37″S32°34′47″E / 25.97694°S 32.57972°E / -25.97694; 32.57972

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.