Digital expansion and balance sheet strength

Digital transformation remained pivotal, with digital revenues growing by 60 per cent year-on-year, reaching N73.6 billion in H1 2025. 

The Group’s digital platforms spanning payments, lending, and wealth management accounted for 13.9 per cent of total earnings, successfully deepening adoption across retail and SME segments.

The Group's total assets rose by 6.9 per cent to N7.54 trillion, demonstrating steady balance sheet growth. Customer deposits climbed 5.6 per cent to N4.55 trillion, with low-cost deposits rising to a strong 69.3 per cent of the total. Loans and advances saw a marginal increase of 1.1 per cent to N2.38 trillion, reflecting cautious asset creation. 

Furthermore, Assets Under Management (AUM) expanded by 15.5 per cent to N1.58 trillion, supported by mutual funds and pension portfolio inflows.

FCMB confirmed that the CBN had verified the second phase of its recapitalisation programme, which includes a N22.5 billion mandatory convertible note. 

This initiative will increase issued shares to approximately 42.8 billion, positioning the Group to meet the CBN’s new minimum capital requirement for international banks, following its N144.6 billion public capital raise in 2024.