President Muhammadu Buhari has
congratulated the Board, Management, and Staff of First Bank of Nigeria Limited
(FirstBank) for cross-border services through FBNBank UK in the United Kingdom
for 40 years, sharing almost 130 years of banking experience.
In a statement signed by the
Special Adviser to the President on Media & Publicity, Femi Adesina, Buhari
noted the competence and professionalism that have become the hallmark of the
Bank for many years.
This includes winning and
retaining the trust of customers in Nigeria, and beyond, like in the United
Kingdom, and successfully consolidating on its benchmark of reliability and
professionalism.
“As the FBN, United Kingdom
celebrates 40 years anniversary, the President believes the strength and
buoyancy of any country depend largely on the capacity of the banking sector,
extolling the organization for steady rise and expansion, with remarkable
awards for transparency, accountability, and reliability,” the statement reads.
Buhari however, congratulates
FBNBank UK for the milestone, and well-deserved acceptance and credence, urging
the bank to further leverage on its strengths to retain the trust and
confidence of the banking public.
FBNBank UK is a wholly owned
subsidiary of the First Bank of Nigeria Limited, an African bank with a rich
heritage, established in 1894 as the first banking institution in Nigeria.
FBNBank UK is authorised by the
UK’s Prudential Regulation Authority (PRA) and regulated by the Financial
Conduct Authority (FCA).
Operating in the City of London
with a branch in Paris and a representative office in Lagos, FBNBank UK
provides a range of domestic and international banking and financial services.
Interestingly, it is the international
banking and treasury centre of FirstBank and acts as connecting hub between the
group and its regulatory, financial and social partners. FBNBank UK equally
provides world-class, cross border trade and investment services to
institutions, corporates and individuals conducting business in and with
Africa’s most dynamic and vibrant economies.
FBNBank UK has been operating
in the United Kingdom since 1982 as the London Branch of the First Bank of
Nigeria Limited.
It was initially established to
service the UK banking requirements of Nigerian companies and FirstBank.
In November 2002, the Bank was
incorporated in the UK as a registered and a wholly-owned subsidiary of First
Bank of Nigeria Limited with offices in the City of London.
Since then, FBNBank UK has
developed into a much broader business in the gateway to Europe and beyond for
African banks, companies and high net worth individuals.
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