FCMB To Boost Local Economy Through Branch Expansion

First City Monument Bank (FCMB) has said its aim is to boost the local economy through its branch expansion strategy while equally leveraging on technology to reach the young and tech savvy Nigerians.

To this end, it expanded its footprint recently by launching a new branch in Ogbomoso, Oyo State to boost its local economy.

Officials said the move will boost financial inclusion and economic development as the branch, located along the Ogbomoso-Ilorin road, was inaugurated on March 12 in a ceremony attended by local leaders.

During the inauguration, the Soun of Ogbomoso, Oba Ghandi Olaoye described the new bank branch as a welcome development, saying, First City Monument Bank’s presence would help local businesses grow.

“This marks a pivotal moment for our town. We anticipate that FCMB’s innovative approach will give our citizens and businesses access to vital financial services and support, enabling us to successfully realise our 25-year development plan.

We are eager to collaborate with FCMB and look forward to the possibility of more branches in Ogbomoso, creating a mutually beneficial partnership,” he stated.

The chairman of Ogo-Oluwa Local Government, Seun Ojo, echoed similar sentiments, recognising FCMB’s presence as a valuable addition to enhancing financial inclusion across Ogbomoso land and urged the bank to extend its reach to more communities to strengthen local economies.

The managing director of First City Monument Bank, Yemisi Edun, represented by the bank’s national head of sales, Emmanuel Comla said, the bank remains committed to inclusive growth.

She said: “We’re excited to invest in Ogbomoso’s future. It is a city known for its industrious spirit. Under Kabiyesi Olaoye’s leadership, Ogbomoso has a clear 25-year growth plan, and we are proud to be part of that vision. While digital banking is transforming the industry, physical branches remain essential for reaching everyone and directly supporting the community. This new branch will drive growth by creating opportunities and fostering partnerships. We are here to grow with you.”

The bank’s group head of Operations and International Trade Services, Mr Ademola Idowu, disclosed that, the branch is equipped with modern banking technology and runs on renewable energy, highlighting how it will support business and trade growth in Ogbomoso and its environs.

First City Monument Bank, a subsidiary of FCMB Group, continues to invest in financial services that promote economic inclusion and development.