First Bank of Nigeria Plc
To remain true to our name by providing the best financial services possible
To be the clear leader and Nigeria’s bank of first choice
Our Brand Pillars
– Our status and ability as “truly the first”
– Security of funds/investments
– Job security
Our Strategic Priorities
– Performance Management & People
– Operational Excellence
First Bank of Nigeria Plc (FirstBank), established in 1894, is a premier bank in West Africa and the leading financial services solutions provider in Nigeria. The Bank has international presence through its subsidiary, FBN Bank (UK) Limited in London with a branch in Paris, and its Representative Offices in Johannesburg and Beijing. With 1.3 million shareholders globally, FirstBank is quoted on The Nigerian Stock Exchange (NSE), where its issued and paid up share capital as at March 31, 2009 was 24.86 billion units. FirstBank also has an unlisted Global Depository Receipt (GDR) programme.
As the global operating environment evolve over the decades, FirstBank has kept pace, responding satisfactorily to the increasingly dynamic needs of its customers, investors, regulatory authorities, host communities, employees and other stakeholders. Through a sustained strategy, with a trans-generational relevance approach, the Bank has continuously boosted its substantial customer-base of both individuals and institutions which cut across all segments in terms of size, structure and sectoral affiliations.
Leveraging experience that spans over a century of dependable service, FirstBank has continued to build relationships and alliances with key sectors of the economy that have been strategic to the wellbeing, growth and development of the country. With its huge asset base and expansive branch network, as well as continuous re-invention, FirstBank has created one of Nigeria’s strongest banking franchises, and remains a market leader in the nation’s financial services industry.
Delightful Returns and Superior Value
The 2005 consolidation of the financial services industry in Nigeria, as anticipated, boosted FirstBank’s performance indices, as accompanying opportunities yielded an upbeat response to market dynamics. Today, the Bank remains one of the most profitable financial groups in Nigeria.
In repositioning the Bank for both domestic and global competition, it had recourse to raising additional capital. The Hybrid Offer, popularly called “The Big Offer”, set an unprecedented landmark with a subscription in excess of 750%, and was lauded as the biggest and most successful in the history of public offers in Nigeria. The Bank’s epoch-making achievement was again reinforced when it became the first quoted company in Nigeria to achieve the feat of hitting the trillion naira mark in market capitalisation, the clearest evidence of the market’s estimation of its worth. Till date, and despite the downturn in the stock market, the Bank remains the most capitalised stock on the floor of The Nigerian Stock Exchange (NSE).