First Bank of Nigeria is a multinational bank and financial services company with headquarters in Lagos, Nigeria. First Bank was founded in 1894, by Sir Alfred Jones, but is currently owned by FBN Holdings PLC, which in itself has diversified ownership with over 1.3 million shareholders.
The First Bank Group has over 700 business locations across Africa and has an agent banking network with over 820 locations across Nigeria as of 2024. The bank specialises in retail banking, with a client base in West Africa of over 42 million customers.
First Bank, as a group, employs over 16,000 staff. It operates four key strategic business units: retail banking, corporate banking, commercial banking, and public sector banking.
As of 2024, the bank which is a part of the holding company FBN Holdings has an asset size of N16.9 trillion. The bank as at July 2024, released its the financial statement for the first half of the year, reporting a pre-tax profit that stood at N411.9 billion.
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