First Financial institution of Nigeria Restricted has introduced a phased title change of its subsidiaries in the UK and Sub-Saharan Africa.
FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are the primary set of subsidiaries to implement the title change.
They’re now recognized and addressed as FirstBank UK, FirstBank Sierra Leone, FirstBank Gambia and FirstBank DRC. The subsidiaries in Ghana, Senegal and Guinea can be subsequent within the phased implementation of the title change.
The title change is being made to align the subsidiaries with the mother or father model and to benefit from the robust heritage and model worth FirstBank Nigeria has in-built its 129 years of banking management.
It will additional enhance the standard of service, leading to higher model readability, uniformity and consistency throughout all markets the place the Financial institution operates.
FirstBank Group, a number one monetary inclusion companies firm, is dedicated to its purpose of constructing the nation. It has made great strides on its distinctive progress trajectory because it continues to construct distinctive capabilities by way of partnerships and the fixed drive to reinvent itself.
This achievement is evidenced by the numerous awards and recognitions bestowed on the establishment. These awards embody Greatest Non-public Financial institution for Sustainable Investing in Africa 2023 by World Finance Awards; Greatest Enterprise Financial institution in West Africa 2022 by World Banking & Finance; Greatest CSR Financial institution Africa by Worldwide Enterprise Journal in 2022; and ranked primary in Nigeria when it comes to general efficiency; profitability; Effectivity and return on danger in accordance with the High 100 African Financial institution Rankings 2022 revealed by The Banker Journal from the Monetary Occasions stables.
As well as, in Euromoney Market Leaders, an unbiased world evaluation of the main monetary companies suppliers performed by Euromoney Institutional Investor Plc., the Financial institution was acknowledged as: Market Chief in Company and Social Accountability (CSR); Market chief in environmental, social and governance (ESG); Extremely ranked in Company Banking and Digital Options and Notable: in SME Banking.
Dr. Adesola Adeduntan, CEO of FirstBank Group, stated ”the title change coinciding with FirstBank’s 129th founding anniversary (March 31, 2023) is certainly a milestone that displays our dedication to repeatedly ship the gold normal of excellence and worth as we put our prospects first.
“The brand new identification of the subsidiaries contributes to a stronger model presence. It helps our prospects and stakeholders higher recognize the worth of the diversified product suites, aggressive pricing and in depth enterprise networks that the FirstBank Group provides.
“These embody our dedication to boosting cross-border companies, together with commerce and funding alternatives which are important to bettering commerce relations between international locations, strengthening host communities’ economies and lowering poverty,” he concluded.