Wednesday, February 10, 2010

First Bank of Nigeria

First Bank of Nigeria is one of the Nigeria's oldest financial institutions founded in 1894 as Bank of British WestAfric a and listed on the Nigeria Stock Exchange in 1971. The bank currently has the largest network in the country and  also o ffers offshore financial services through it London branch. The banks assets are in the excess of N100billion.

The bank offers corporate and retail banking, merchant and investment banking, trusteeship services, and insurance brokerage products and services principally to small to medium-sized businesses, large corporations, and individuals.

The company was named the best bank in Nigeria by Global Finance magazine in September 2006.The firm's auditors are Akintola Williams Deloitte & Touche (Chartered Accountants) and KPMG Audit (Chartered Accountants). The firm has solid short and long term ratings from Fitch and the Global Credit Rating Company partly due to its low exposure to non-performing loans.

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