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| FirstBank Building. |
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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