| #9 | First Bank of Nigeria |
|---|---|
| BSM Index | 69.51 |
| YoY | -3 |
| CEO | Adesola Kazeem Adeduntan |
| Year Founded (in Nigeria) | 1895 |
| Website | www.firstbanknigeria.com |
| Head Office | Samuel Asabia House ,35, marina road, Lagos Island, Lagos |
| Nationality | NG |
| Customer Base | 10 million |
| Number of Branches | 750 |
| Annual Turnover | – |
| Employees | 9,020 |
| Marketing Budget | – |
First Bank of Nigeria Limited (First Bank) is a Nigerian multinational financial service group, the premier Banking service provider in West Africa, with its impact woven into the fabric of society.
First Bank operates as a parent company in Nigeria, with subsidiaries, FBNBank across major West African countries, the United Kingdom, Paris and representative office in Beijing to capture trade-related business between geographies.
The teeming customers of this financial service group are serviced from a network of over 700 business locations across Africa. To promote financial inclusion and reach the unbanked and under banked. It also has an extensive Agent Banking network, with more than 53,000 agent locations across Nigeria. The Bank specialises in retail banking and has the largest client base in West Africa, with over 18 million customers. For eight consecutive years (2011 – 2018) FirstBank received the Best Retail Banking in Nigeria award by The Asian Banker.
As of December 2019, the Bank had assets totaling NGN5.9 trillion. Its profit before tax for the twelve months ending 31 December 2019 was approximately NGN70.8billion.
FirstBank’s ownership is diversified, with over 1.3 million shareholders.
This leading financial services solutions provider was founded by Sir Alfred Jones about 127 years ago, making it Nigeria’s oldest bank and one of the oldest companies in West Africa. First Bank was converted to a public company in 1970 and was listed on The Nigerian Stock Exchange (NSE) the following year. However, as part of the implementation of the non-operating holding company structure, it was delisted from the NSE and replaced with FBN Holdings Plc.
FirstBank has been widely recognized with various awards, including “Best Bank Brand in Nigeria” for six years in a row – 2011 to 2016 – by The Banker magazine of the Financial Times. Best Bank in Nigeria” award by Global Finance Magazine 15 times.
The brand has consistently maintained a top 10 placement in the Nigeria’s annual top brands evaluation.
