FirstBank deepens Africa’s penetration with FBNBank Gambia

By Lukmon Oloyede.
Following the agreement reached by FirstBank and International Commercial Bank Financial Group Holdings Ag (ICBFGH) for the acquisition of a 100% equity interest in ICB Gambia, First Bank of Nigeria Limited has formerly launched FBNBank Gambia.
Formerly registered as International Commercial Bank (ICB), the unveiling further consolidates FirstBank’s position as the largest corporate and retail banking financial institution in sub-Saharan Africa with presence in Ghana, Guinea, Sierra Leone and Senegal as well as presence in the UK and representative offices in Johannesburg, Abu Dhabi and Beijing. The expansion represents FirstBank’s strategic objective to maintain significant market share, expand its pan-African footprints and diversify earnings while delivering value to shareholders.
[ad id=”1169″]Speaking at the launch over the weekend, the GMD of FirstBank, Bisi Onasanya, said, “The launch of FBNBank Gambia is yet another milestone achievement in our ambition to steadily broaden and build more diverse footprints across Africa. We are committed to developing a multi-local business model that broadens our geographic revenue base while providing enhanced service delivery to our new customers and equity participation to local investors.”
In his remark, Ag. Managing Director, FBNBank Gambia, Uloma Kings-Olikagu, said “Having built value for Nigeria over the last 120 years, FirstBank through FBNBank Gambia is poised to do even more in the Gambian financial market.  FBNBank Gambia will provide customers with a bouquet of banking solutions that make their financial lives more convenient and stress-free whilst providing a delightful banking service experience.”

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