FBC Holdings Limited has received regulatory approval to merge its wholly owned subsidiaries, FBC Bank Limited and FBC Building Society, with the merger set to take operational effect on 30 December 2025.
The Minister of Finance, Economic Development and Investment Promotion approved the merger following its publication in the Government Gazette on 12 December 2025.
The approval was granted under Section 25(4) of the Banking Act [Chapter 24:20], following a joint application by the two institutions under Section 25(2) of the Act.
FBC Bank is registered under the Banking Act, while FBC Building Society operates under the Building Societies Act [Chapter 24:02]. Both are wholly owned subsidiaries of FBC Holdings Limited.
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As part of the restructuring, all assets and liabilities related to FBC Building Society’s banking business, including customer accounts, will be transferred to FBC Bank. Meanwhile, assets and liabilities linked to the building society’s property portfolio will move to FBC Properties (Private) Limited, another subsidiary.
Once these transfers are completed and regulatory approvals finalised, FBC Building Society will cease to exist as a separate legal entity.
FBC Holdings said the merger is an internal restructuring exercise that will not affect the group’s shareholding.
The company noted the transaction introduces no new risks, does not change its financial outlook, and is expected to improve operational efficiency, streamline regulatory compliance, and strengthen its strategic position in the financial services sector.
The integration is being coordinated closely with regulatory authorities to ensure a smooth transition for customers, employees, and other stakeholders. The group said further updates will be provided as implementation progresses.
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