FIRST BANK OF NIGERIA

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FIRST BANK OF NIGERIA

Website: www.firstbanknigeria.com

Firstbank is the largest financial institution in Nigeria. With a strong presence since 1894, it is the first bank to grant a loan to the Nigerian government.

FIRST BANK OF NIGERIA: Profile and Brand Showcase below:

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First Bank of Nigeria Limited.

Pioneering Excellence in Banking and Beyond

First Bank of Nigeria Limited is a true powerhouse that has etched its legacy as the premier banking service provider in West Africa. Reverberating through the very fabric of society, First Bank stands as a testament to unwavering commitment and transformative impact. As the largest private-sector financial services provider in sub-Saharan Africa (excluding South Africa), First Bank is a formidable force in the world of finance, revered for its diversification and expansive reach.

Operating as a parent company with a strategic vision, First Bank extends its influence far beyond Nigeria's borders. Its subsidiaries, notably FBNBank, have established a strong presence across major West African countries, the United Kingdom, Paris, and even a representative office in Beijing—serving as a bridge for trade-related business between geographies.

At the heart of its operations lies an unwavering commitment to its teeming customers, with a network of over 700 business locations across Africa. Embracing a mission of financial inclusion, First Bank has pioneered an extensive Agent Banking network, boasting an impressive 53,000 agent locations across Nigeria. This commitment has borne fruit, with customer accounts skyrocketing from about 10 million in 2015 to an impressive 36 million (including digital wallets) today. In sync with its ethos of progress, the bank has issued over 11.8 million cards, catering to more than 18.6 million active customers.

The financial prowess of First Bank is underscored by assets totaling NGN8.3 trillion as of May 2022—a testament to its formidable standing. With a profit before tax of approximately N130.9 billion for the twelve months ending December 31, 2021, the bank's financial acumen is beyond reproach.

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Tracing its roots back 128 years, First Bank's story is a tapestry woven with visionary leadership. Founded by Sir Alfred Jones, it is Nigeria's oldest bank and one of the oldest companies in West Africa. This legacy was transformed when the bank converted to a public company in 1970, subsequently finding its place on The Nigerian Stock Exchange (NSE) the following year. An evolution in structure saw the emergence of FBN Holdings Plc, replacing First Bank's listing on the NSE as part of the non-operating holding company framework.First Bank's journey has been punctuated by a myriad of accolades, a testament to its unswerving commitment to excellence. The title of "Best Bank Brand in Nigeria" was conferred upon the bank for six consecutive years (2011 to 2016) by The Banker magazine of the Financial Times. This distinction was echoed by Global Finance Magazine, which crowned First Bank with the esteemed "Best Bank in Nigeria" award fifteen times.In the annual evaluation of Nigeria's top brands, First Bank has maintained a consistent top 10 placement, a reflection of its enduring influence and steadfast commitment to excellence.The narrative of First Bank of Nigeria Limited is one of resilience, innovation, and an unwavering dedication to serving as a catalyst for financial progress and empowerment. As it continues to lead, innovate, and redefine the contours of banking, First Bank stands tall as a true symbol of Nigeria's financial resilience and an emblem of its vibrant future.

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