First Bank of Nigeria Limited has officially expanded its operations to Ghana, making it the largest corporate and retail banking financial institution in Africa (excluding South Africa).

This follows its 100 percent acquisition of International Commercial Bank Financial Group Holdings AG (ICBFGH) in Ghana, Gambia, Guinea and Sierra Leone in 2013.

The Ghanaian subsidiary, known has FBN Bank Ghana, will spread its operations across 17 branches in Ghana where ICB Ghana formerly operates.

“We (First Bank) are committed to developing a multi-local business model that broadens our geographic revenue base while providing enhanced service delivery to our new customers and equity participation to local investors,” FirstBank MD/CEO, Bisi Onasanya said at the bank’s launch at the Movenpick Hotel in Accra.

Created in 1894, FBN has established itself as a brand of strength, dynamism and innovation. It has been a leader in introducing banking solutions, setting up the pace for other financial players to follow in Africa.

“Having understudied the local market trends with a relative understanding of the fiscal and cultural dynamics at play, the Board and Management of the FBN-Bank Ghana have now taken up the role as a major and relevant player in the growth of the financial and business sectors of the economy and thus, have been operating as FBN-Bank Ghana Limited since June 2014,” CEO of FBNBank Ghana Seyi Oyefeso said.


http://www.ventures-africa.com/2014/10/nigerias-old-bank-launches-ghanaian-unit-becomes-largest-african-banking-outfit/

That's fantastic. ...gradually we are getting there!

Not the richest though...

Eldavido1:
That's fantastic. ...gradually we are getting there!

yea we are getting there gradually

At least some qualified Ghanaians that has been constituting nuisance here on Nairaland can being employed. At least it will keep them busy for a a while.

hope it will reflect on staff salaries

omoharry:
At least some qualified Ghanaians that has been constituting nuisance here on Nairaland can being employed. At least it will keep them busy for a a while.

You want start fight?

SLIDEwaxie:
Not the richest though...

They just acquired. Keep your peace still they post the figures post-acquisition. Bisi Onasanya is a silent achiever. I have always been relying in envy each time Standard Bank makes the news. Time to let South Africa know we just don't flex muscles with mouth. Democracy is truly a blessing; a bad democracy is better than the best military government. All what we need is sustenance and preservation of our democracy and policies to kick start the SME sector of the economy.

Thumb up to the FBN Crew


I hope the tempo can be sustained post acquisition

Nice one. . Just last week I saw its advert posters at Heathrow terminal 5 departures.

Boss13:


They just acquired. Keep your peace still they post the figures post-acquisition. Bisi Onasanya is a silent achiever. I have always been relying in envy each time Standard Bank makes the news. Time to let South Africa know we just don't flex muscles with mouth. Democracy is truly a blessing; a bad democracy is better than the best military government. All what we need is sustenance and preservation of our democracy and policies to kick start the SME sector of the economy.

Your Post is a definition of Intelligence cum Wisdom

what we need is quality service period.

barthchuks:
what we need is quality service period.

Are you saying First bank does not deliver quality service?

Still wondering the possibility of first bank starting in 1894. Going by history or myth, the whites brought civilization to Nigeria in the 19th century. If we've been running a banking system since 18th century, does it mean illiterates and cavemen do banking?

PaulJohn1:
Still wondering the possibility of first bank starting in 1894. Going by history or myth, the whites brought civilization to Nigeria in the 19th century. If we've been running a banking system since 18th century, does it mean illiterates and cavemen do banking?

I think you should check your understanding of centuries and also note that the Portuguese had links with the Bini Kingdom in the 15th century.....

anonimi:


I think you should check your understanding of centuries and also note that the Portuguese had links with the Bini Kingdom in the 15th century.....

tell them oo