First bank made provision of over 27 billion naira bad loans for the last financial yr ended 31st march 2009. Six months down the line The Bank has recovered over 80% of the bad loans. The Bank is set to acheive an amazing feat be giving a bonus of 1 for 1 to shareholders for the half year(INTERIM). The bonus comes as a result of of the loan recovery and profit that the bank has acheived in the past 6 months(April 2009- sept 2009)

MY ADVICE: HOLD UNTO YOUR FIRST BANK SHARES, IF YOU DONT HAVE BUY NOW, IT IS STILL CHEAP(N15). BY END OF NOV WHEN THE RESULT WILL BE ANNOUNCED THE SHARE PRICE MIGHT GET UP TO N60 OR MORE. TAKE ADVANTAGE


SOURCE: NAIRALANDER THAT WORKS WITH FIRST REGISTRARS(SUBSIDIARY OF FIRST BANK SECURITIES) THIS REPORT HAS NOT BEEN MADE PUBLIC YET.

I am not doubting you but could this be real?? Thank you

Lets buy big time. FBN will rise above #40 in Dec 09 . Expect 100 % Profit if you are wise. Be greedy when others are fearfull and be fearfull when others are greedy . All my Investment Mentors abroad have been buying Banks.

Firstbank has done that b4, so it's possible.

Watch Intercontinental Bank too. Now selling for about #4.00 a share. This is below intrinsic value

The content is good but the disclosure is bad. This is called 'insider information' and its one great sin againg good corporate governance. I hold substantial shares in FBN and would definitely think that this information is good, but i would have prefered to act without knowledge of that information. Could it possibly be that you want us to hold unto our portfolios and not start dumping your shares? In all cases, the way and manner of circulating this information is bad and for your good information, it is a criminal offence.

Well, if Zenith bank can do interim 1 for 2 the first bank should be able to even do 2 for 1. if you want to buy you can call me Henry on 08037430594.

Can this ever happen again?