Firstbank announces a name change of its subsidiaries, reiterates its commitment to boosting cross-border business opportunities in Africa and the world. – African Business

FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are the primary set of subsidiaries effecting the title alignment. They’re now recognized and addressed as FirstBank UK, FirstBank Sierra Leone, FirstBank Gambia and FirstBank DRC. The Ghana, Senegal and Guinea subsidiaries will probably be subsequent within the phased title change implementation.

The title change is being carried out to align the subsidiaries with the mum or dad model and to benefit from the sturdy heritage and model fairness constructed by FirstBank Nigeria in its 129 years of banking management. This can additional improve the quality-of-service supply leading to higher model readability, uniformity and consistency throughout all of the markets the place the Financial institution operates.

A number one monetary inclusion providers supplier, FirstBank Group is dedicated to its nation-building purpose. It has taken big efficiency 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 efficiency is evidenced within the quite a few awards and recognitions bestowed on the establishment.  These awards embody Finest Non-public Financial institution for Sustainable Investing in Africa 2023 by World Finance Awards; Finest Company Financial institution in Western Africa 2022 by World Banking & Finance; Finest CSR Financial institution Africa by Worldwide Enterprise Journal in 2022; and ranked as primary in Nigeria by way of General Efficiency; Profitability; Effectivity and Return on Danger by the High 100 African Financial institution Rankings 2022 launched by The Banker Journal from the stables of Monetary Occasions.

As well as, in Euromoney Market Leaders, an impartial world evaluation of the main monetary service suppliers performed by Euromoney Institutional Investor Plc., the Financial institution was topped: Market Chief in Company and Social Accountability (CSR); Market Chief in Environmental, Social and Governance (ESG); Extremely Regarded in Company Banking and Digital Options and Notable: in SME Banking.

Talking on the title change, Dr. Adesola Adeduntan, CEO of FirstBank Group, stated ‘’ the title change which coincides with FirstBank’s 129th founding anniversary (March 31^st, 2023) is certainly a milestone reflective of our resolve to constantly present the gold normal of excellence and worth as we put our clients First.  The brand new id of the subsidiaries contributes to an enhanced model presence. It helps our clients and stakeholders higher admire the worth of the diversified merchandise suites, aggressive pricing and intensive enterprise networks the FirstBank Group presents. These embody our dedication to boosting cross-border companies together with commerce and funding alternatives important to enhancing commerce relations amongst nations, thereby strengthening the economies of host communities and lowering poverty,” he concluded.