First Capital Bank Mozambique (FCBM) is a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

Mozambique Mozambique, officially the Republic of Mozambique, is a country located in Southeast Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Afr ...

. It is licensed by the Bank of Mozambique, the central bank and national banking regulator. FCBM is a subsidiary of

FMBCapital Holdings Plc 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 Zimba ...

, a financial services conglomerate, based in

Mauritius Mauritius, officially the Republic of Mauritius, is an island country in the Indian Ocean, about off the southeastern coast of East Africa, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Ag ...

, whose shares of

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

are listed on the

Malawi Stock Exchange The Malawi Stock Exchange (MSE) is a Malawian stock market based in Blantyre, Malawi. Overview The Malawi Stock Exchange was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the Reser ...

and has subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe. The bank serves corporations,

small and medium enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizat ...

and individuals in Mozambique. , 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). As of December 2018, the bank served over 16,000 customers at 4 branches, one service centre, 6 ATMs and employed 94 staff members.

History

The bank was established in 2010 as International Commercial Bank Mozambique. In 2013,

First Merchant 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. ...

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. 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''

Ownership

maintains an 80 percent shareholding in First Capital Bank Mozambique Limited.

References

{{coord, 25, 58, 37, S, 32, 34, 47, E, display=title Banks of Mozambique Maputo Banks established in 2010 2010 establishments in Mozambique FMBCapital Holdings Plc

History

Ownership

See also

References