fbn holdings plc. was the owner of first bank in nigeria due to implementation of the non-operating holding company structure.
fbn holdings plc. was the owner of first bank in nigeria due to implementation of the non-operating holding company structure.
who is the owner of first bank in nigeria due to implementation of the non-operating holding company structure?
fbn holdings plc.
, the bank had assets totalling ngn3.9 trillion ($12.2b according to 2017 exchange rates). the bank's profit before tax for the twelve months ending 31 december 2015 was approximately ngn10.2 billion. firstbank’s ownership is diversified, with over 1.3 million shareholders. the bank was founded in 1894 and is nigeria’s oldest bank. it converted to a public company in 1970 and was listed on the nigerian stock exchange (nse) in 1971. however, as part of the implementation of the non-operating holding company structure, it was delisted from the nse and replaced with fbn holdings plc. in 2012.
first bank of nigeria
the nigerian banking business operates nationally, with an active customer base of over 10 million, and employs over 7,000 staff. firstbank operates along four key strategic business units (sbus) – retail banking, corporate banking, commercial banking and public sector banking. it was previously structured as an operating holding company before the implementation of a non-operating holding company structure (fbn holdings) in 2011/2012.









































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first bank of nigeria