FirstBank, FBN Insurance wins World Finance Awards
Lagos, December 05 2014 - FirstBank and FBN Insurance, the banking and Insurance subsidiaries of FBN Holdings PLC have been named the 2014 Best Private Bank in Nigeria and Best Life Insurance Company for the Nigerian market respectively courtesy World Finance Awards. These awards are part of World Finance series of Award competition, reputed to be one of the global financial industry voices which rate companies that demonstrate innovative risk management strategies and client services.
According to the organizers of World Finance Awards, FirstBank was adjudged winner based on its attention to client services and its ‘Best in Class’ Private Banking Hubs located in Abuja, Lagos, and Port Harcourt, as well as the accelerated speed in growing its market share and registering a 39 per cent in revenues within a short span of operation.
Also the choice of FBN Insurance for the award is in recognition of its innovative deployment of risk management solutions and operational standards such as good global insurance best practices, strong and decisive management, financial figures/performance, operational efficiency and effectiveness, quality employee management and good customer retention rate. These, coupled with multinational support on risk solutions through an unequalled global network of the Sanlam Group of South Africa gave FBN Insurance commendable all-round industry recognition”.
The body further amplified the originality of the award thus: “Our judging panel boasts over 230 years of financial and business journalism, supported by a research team that works round the clock to ensure our award winners are the most deserving in their sector. Our award programmes are tailored to provide a comprehensive analysis of the very best in each market while the panel has been wary to avoid the danger of bias towards criteria such as depth of practice and size of company, in order to get an insight into different geographies and niche areas; this is because we recognize smaller market participants as well as larger firms adapting international models to unique geographies”.
Speaking on the award, the GMD/CEO FirstBank, Bisi Onasanya said that the bank has always been at the forefront of customer- centric innovations and services.) The Best Private Banking award bear testament to our commitment to provide relevant solutions to our customers and our promise to always put customers first at the heart of our business.
Commenting further on the awards, Managing Director/CEO, FBN Insurance, Mr. Valentine Ojumah said: “We are honored to be recognized by World Finance Awards as being the best at what we do. We have a dedicated team nationwide that put up best attitudes at work daily to offer exceptional insurance services to our clients. They have been groomed to manage risk-related challenges of our customers and turn those challenges into opportunities”. We heartily congratulate our valued business partners and staff for their continuous support and for making it possible for us to win this prestigious award” Ojumah added.
In a related development, FirstBank and FBN Capital Asset Management recently emerged the Most Innovative Bank in Africa and Best Asset Manager in Nigeria respectively at the Africa Banking Awards 2014 organised by EMEA Finance Magazine, which took place on the 4th of December 2014 at the Law Society in London, United Kingdom.
Looking ahead to 2015, FBN Holdings PLC is poised to sustain its current successes with determination to exploit emerging opportunities in the Nigerian business landscape and marginal strengths of mobile technology and other innovative penetration strategies which had put the company ahead in the Nigerian market, whilst it continue to leverage on the group synergy to remain competitive as well as maintaining its leadership position in the sector.