Lagos, November 17, 2015

FirstBank Unveils SME Offerings

We offer because We Used to be You!

First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc and Nigeria’s most valuable bank brand, has unveiled its new SME Campaign which is specially designed to help SMEs grow their business with diverse product and service offerings. With a heritage of over 120 years of banking experience, FirstBank started small and having grown through various stages, the Bank understands the business journey for SMEs and is passionate about supporting them to ensure continuous business growth.

Over the years, FirstBank has displayed an unwavering commitment to the business success of SMEs in Nigeria with its cocktail of products and bespoke solutions, specifically designed to help grow and sustain SMEs. Given that SMEs are pivotal to national development, FirstBank is committed to ensure sustained business growth as well as provide the necessary services to grow businesses and Nigeria’s economy at large. The SME sector is replete with various industries and business models; FirstBank’s package provides the right mix of products and services with professional staff designated to work with the business owner to provide flexible and dependable services, helping SMEs achieve consistent growth and success in every area of business.

From the Education Sector to Services, Trading, Manufacturing and Distributorship, FirstBank support services will ensure you have access to the right financial tools. The Bank has been a consistent promoter and supporter of the SMEs and some of the Bank’s interventions for SMEs include Overdraft for working capital, Operational Vehicles Loans; e.g. School Bus, Delivery vans, Equipment Finance, Commercial Building Loan, Education Management Portal, Contract & LPO Finance, Invoice Discounting Finance, Import Finance, Bonds & Guarantees, Bill & Tax Payments, Bulk Payment & Collections Solutions, e-Commerce Platforms, Non-Oil Export Financing,  Domestic Money Transfers, Zero COT Accounts, Non-Oil Export Financing, Import Finance Facility, Key Distributorship Finance (Cement, Telco, FMCGs) among several other products.

According to the FirstBank’s spokesperson, Folake Ani-Mumuney, businesses require more than loans, and the Bank makes available non- financial services to its customers such as access to administrative assistance, translation services, conferences, seminars, forums and other business support services. “We are determined to partner with businesses and pass on our own expertise and knowledge to small businesses across several sectors in Nigeria. Our experience in business spans several industries and segments. We understand the position most of our SME’s are in because we used to be in their situation and can provide valuable solutions for their business needs. We care about the path to success for our customers, we have walked this path and have developed solutions to ensure that the road to success is as stable as can be for our customers”, she further enthused.

Because each business and sector is unique, SME customers are assigned Retail Managers that have good knowledge of their sector and business environment, providing them the best advice, industry specific knowledge and expertise to help guide their business through the expansion vision whilst empowering them to leverage other opportunities within the Bank. FirstBank is committed to the success of SMEs and has through many years groomed SMEs into large corporations.  Some of the Bank’s support programmes for SMEs include African Start-Up on CNN, a sponsored TV documentary on CNN showcasing SME success stories across Africa; Ignite (an afterschool graduate employability and enterprise training initiative); Sponsorship of SME Radio Programme, The Economy & You, SME conferences and seminars across various states in Nigeria as well as the SMEConnect website which is at the heart of FirstBank’s SME activities. The websitewww.firstbanknigeria.com/smeconnect  provides resource materials and serves as a channel to obtain feedback from customers as well as communicate the Bank’s products and services targeted at SMEs.

First Bank of Nigeria Limited has proved its commitment to the development of the SME sector in Nigeria. Customers are therefore encouraged to walk into any FirstBank branch to enjoy the Bank’s extensive package dedicated to ensuring that their business success follows the script they have written.

 

About FirstBank

First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc, is Nigeria’s leading financial services institution by total assets and gross earnings and one of the largest corporate and retail banking financial institutions in sub-Saharan Africa (excluding South Africa). Since its establishment in 1894, the Bank has consistently built relationships with customers focusing on fundamentals of good corporate governance, strong liquidity, risk management and strong capitalization.

FirstBank operates an extensive distribution network with over 750 business locations (623 branches, 61 quick service points and 69 cash centers/agencies), over 2,600 ATM’s and over 10 million customer accounts.  The Bank provides a comprehensive range of financial services and has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DR Congo, FBNBank Ghana, International Commercial Bank (ICB) The Gambia, Guinea, Sierra-Leone and Senegal as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

FirstBank is the recipient of many awards. The Bank has been named “The Best Bank Brand in Nigeria” four times in a row – 2011, 2012, 2013, and 2014 – by the globally renowned “The Banker Magazine” of the Financial Times Group. FirstBank’s brand purpose is to always put its stakeholders, customers and partners at the heart of its business, even as it is poised to standardize customer experience and excellence in financial solutions across Sub Saharan Africa, in consonance with its brand vision “To be the partner of first choice in building your future”. The brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on the FirstBank’s inherent values of passion, partnership and people, to position its customers first in every respect.

For three consecutive years, 2012, 2013 and 2014, FirstBank was named the “Best Retail Bank in Nigeria” by the Asian Banker International Excellence in Retail Financial Services Awards. Other recent awards include the “Best Bank in Nigeria” in the Euromoney Awards for Excellence, “Best Bank in West Africa” and “Most Innovative Bank in Africa” in the African Banker Awards, “Best Bank in Nigeria” in the EMEA Finance African Banking Awards for the fourth time, “Best Foreign Exchange Services in Africa” in the EMEA Finance Treasury Services Awards, “Best Banking Group in Nigeria” by World Finance Banking Awards, and “Best Financial Reporting Company” by Africa Investor.

 

Signed

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

(more…)

fbadmin
November 17th, 2015

2nd of November 2015

Lagos, Nigeria— In line with a commitment to improve service delivery to clients and position the group at the forefront of the emerging merchant banking and asset management sector in Nigeria, the Investment Banking and Asset Management business of FBN Holdings Plc has announced the unveiling of a new identity for the group, FBNQuest. (more…)

fbadmin
November 2nd, 2015

October 7, 2015

FirstBank Promotes Youth Empowerment at the Sigma 65th Anniversary Public Lecture

First Bank of Nigeria Limited (FirstBank), Nigeria’s most valuable bank brand, has again reinforced its commitment to Youth Empowerment and Entrepreneurship through its sponsorship of the Sigma 65th Anniversary Lecture.  The lecture which is scheduled to hold on October 8, 2015 at the FirstBank Building, University of Ibadan is organised to engender social engineering for a better society. Dr. Sola Adeduntan, Executive Director/Chief Financial Officer and Managing Director-designate FirstBank would deliver the keynote lecture at the event with focus on the topic “Addressing Youth Employment through Entrepreneurship”. (more…)

fbadmin
October 7th, 2015

September 28, 2015

FirstBank Launches…Life is a Movie

Ever wondered…if your life was a movie, what would you like it to be? Would you play a protagonist? Would it be a comedy or a thriller?  First Bank of Nigeria Limited, Nigeria’s most valuable banking brand, is offering its customers and consumers a unique opportunity to participate in a onetime blockbuster titled “Life is a Movie” featuring our customers. That includes YOU. (more…)

fbadmin
September 28th, 2015

Ever wondered…if your life was a movie, what would you like it to be? Would you play a protagonist? Would it be a comedy or a thriller?

(more…)

fbadmin
September 28th, 2015

First Bank Nigeria Holdings Plc on Monday announced that its pioneer Group Chief Executive Office, Bello Maccido, would be stepping down from office. (more…)

fbadmin
September 9th, 2015

FBN Holdings Holdings’ Pioneer Group Chief Executive, Mr Bello Maccido will be leaving his position to become the Pioneer Chairman of the newly-licensed FBN Merchant Bank. (more…)

fbadmin
September 9th, 2015

Firstmonie, the mobile money platform of First Bank of Nigeria Limited, has partnered with Mobile Media Info Tech Global Limited (MMIT) to commence a new mobile wallet capability that allows consumers to purchase services on international merchant websites. This initiative is the first of its kind in the African mobile money and payment landscape and would enable online purchases, and apps download through the Firstmonie platform. (more…)

fbadmin
August 31st, 2015

Lagos Nigeria, 25th August, 2015

FBN Capital Limited has announced the successful conclusion of the Series 1 Bond Issuance offer for the Cross River State Government, under its N40 billion bond issuance program.  The 7-year tenured Bonds with maturity due in 2022 were issued via a Book Building process by FBN Capital Limited, following its appointment as the Lead Issuing House by the State Government in May 2015.

The State in line with its mandate to develop infrastructure, had embarked on several projects including road, water and health facilities which were financed through bank loans.  The proceeds from the Issue were therefore earmarked for refinancing the State’s outstanding obligation to the lending banks. The Bonds which were offered at 17% coupon rate (paid semi-annually) proffered a cheaper financing option to the State.

FBN Capital as Lead Issuing House led the league of the Issuing Houses to underwrite the transaction to the tune of N6.25billion on a standby basis. The Bond Offer was secured by an Irrevocable Standing Payment Order (ISPO) issued by the Federal Ministry of Finance as a first line charge upon and payable out of the Statutory Allocation of the State. By this order a Sinking Fund account was created and managed by the Trustees to the Issue from which bondholders’ obligation (interest and principal) would be repaid.

Speaking on the transaction, Mr Taiwo Okeowo, Deputy Managing Director of FBN Capital stated, “Despite the market volatility which characterized the bond issuance period, the transaction was closed at a favorable pricing mark, raising N1.75billion over the underwritten sum. FBN Capital leveraged on its distribution relationships to obtain commitment for the transaction, and on conclusion of the offer a total of N8billion naira was raised, significantly reducing Cross River State’s outstanding loans to banks and lowering the service cost for the loans”.  

The Issuer was assigned a ‘BBB” rating while the Issue was assigned an ‘A-’, both by Global Credit Rating Co. Limited following their financial due diligence.

FBN Capital was recognized as the Best Investment Bank in Nigeria 2015 for the fourth consecutive year by Global Finance Magazine. The firm also received the World Finance Banking Awards as the Best Investment Bank in Nigeria 2014, and the EMEA Finance African Banking Awards as the Best Local Investment Bank in 2013.

—End—

About FBN Capital: FBN Capital Limited is a subsidiary of FBN Holdings Plc, and is a full service Investment Bank and Asset Management Company with a reputation as a trusted and respected financial institution. Backed by significant financial capacity and a strong tradition of governance, the business is built on the core principle of creating value and wealth for all stakeholders. At FBN Capital we provide strategic advice, arrange finance, administer assets, manage funds, sell investment products and invest alongside clients. FBN Capital offers financial solutions to individuals, institutions and sub-nationals through five key divisions: Investment Banking; Markets; Trust and Agency Services; Asset Management; and Alternative Investments.

 

Contact:

FBN Capital Limited

marketingandcommsg@fbncapital.com

+234 (1) 279 8300 ext 3178; 234-708-065 3178

fbadmin
August 24th, 2015

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