[3] 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.
[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.
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] FMBCapital Holdings Plc maintains an 80 percent shareholding in First Capital Bank Mozambique Limited.