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FirstBank grosses N65bn in 9 months

Posted by By SEUN ADESIDA on 2007/02/15 | Views: 727 |

FirstBank grosses N65bn in 9 months


First Bank of Nigeria Plc has reported gross earnings of N64.53 billion from its operations in the nine months ended December 2006, equivalent to a 27.67 per cent growth over the N50.55 billion it recorded in the same period last year.

First Bank of Nigeria Plc has reported gross earnings of N64.53 billion from its operations in the nine months ended December 2006, equivalent to a 27.67 per cent growth over the N50.55 billion it recorded in the same period last year.

Accordng to Jide Ogundele, FirstBank's Head, Image Management, having led the financing of a large part of the current governmentís structural reform initiative, and played key roles in the building of industry infrastructure necessary to support its multi-channel, one-face service delivery model, the latest result reinforce the bankís leadership position as the nationís most profitable financial institution.

Driven by its diverse and highly skilled workforce, cutting-edge IT backbone, and strong brand equity, between 2001 and 2006, FirstBank recorded 131.83 per cent and 252.10 per cent increases in gross earnings and profit before tax respectively.

A pioneer and market leader in the financial services sector, FirstBankís vision and mission statements provide the strategic underpinning to its various initiatives in the international money transfer market, MasterCard, Interswitch, and ATM Consortium.
FirstBank has deployed automated teller machines across its vast domestic sales network, emerging in the process as the industry leader in terms of ATM transaction value/volume.

Back-to-back winner of both domestic and international awards, the bank emerged the Best Bank for Manpower Development and Best Export Finance Bank at the 1st Vanguard Banking Awards, which held recently in Lagos. Earlier in 2006, the Bankersí Committee awarded FirstBank The Overall Best Bank in Real Sector Financing, while Global Finance, conferred on it the 2006 Best Bank in Nigeria award.

Mr. J. M. Ajekigbe, MD/CEO of FirstBank, identifies the institutionís strength in its unrelenting commitment to superior performance along its business lines, and a ceaseless pursuit of improvements in its customer satisfaction levels. Underpinning these value builders is an unwavering commitment to its various stakeholders.

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Fay(Katy, Texas, US)says...

Actually translates to bravehearted.