First Bank of Nigeria Advantages over Other Nigerian Banks : Current School News

First Bank of Nigeria Advantages over Other Nigerian Banks

Filed in Articles by on April 20, 2022

– First Bank of Nigeria Advantages –

First Bank of Nigeria Advantages – Are you looking for a reliable bank to bank with? First Bank is a bank where you are valued and easy banking is made available for all customers. Read more below.

First Bank of Nigeria Advantages over Other Nigerian Banks

About First Bank

First Bank of Nigeria Limited is a Nigerian multinational bank and financial services company headquartered in Lagos Nigeria.

It is the premier bank in West Africa with its impact woven into the fabric of society. First Bank of Nigeria Limited operates as a parent company in Nigeria. This is with the subsidiaries FBNBank in the Republic of Congo, Ghana.

However, the Gambia, Guinea, Sierra-Leone, and Senegal; FBN Bank UK Limited in the United Kingdom with a branch in Paris. First bank Representative Office in Beijing to capture trade-related business between geographies.

FirstBank also operates First Pension Custodian Nigeria Limited, Nigeria’s foremost pensions custodian. The teeming customers of the FirstBank Group are serviced from a network of over 700 business locations across Africa.

More Information

To promote financial inclusion, FirstBank has an extensive Agent Banking network,. This is with over 53,000 agent locations across Nigeria.

The Bank specializes in retail banking and has the largest client base in West Africa. It has over 18 million customers. For eight consecutive years (2011 – 2018) First bank received the Best Retail Bank in Nigeria award by The Asian Banker.

First bank has the FirstBank Group employs over 16,000 staff and is proudly a multiple Best Place to Work awardee.

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Additional Information

Also, it operates along with four key Strategic Business Units (SBUs). They include; Retail Banking, Corporate Banking, Commercial Banking, and Public Sector Banking.

They previously structured it as an operating holding company. This was before implementing a non-operating Holding Company structure (FBN Holdings) in 2011/2012.

First Bank of Nigeria Advantages

This is a Bank where people are recognized as the most valuable resource on which they build competitive advantage. Also, and acknowledges the quality/contribution of its people to the overall corporate goals and objectives.

Ultimately, the following 10 advantages are key motivators to build your career with First Bank:

1. First Bank is the #1 Brand in Nigeria’s financial services sector and falls with the top 500 global banking brands.

2. We are the largest and most successful Tier-1 Bank in Nigeria in terms of profit, balance sheet, and revenue.

3. First Bank is ranked as the “Most Valuable Bank Brand in Nigeria”, five times in a row (2011 – 2015). This is  by The Banker Magazine of Financial Times & Brand Finance.

Also, “Best indigenous company to work in Nigeria 2014,”. “Best financial services company to work for in Nigeria 2014,” by Great Place to Work Institute.

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4. We have an unparalleled reputation for leadership, strength, and stability. Also,  and consistently marked as the # 1 most trusted bank in Independent Customer Surveys.

5. First Bank is an “Equal Opportunity Employer” underpinned by strong institutional processes, diversity and inclusion practice.

6. First Bank offers continuous learning and development opportunities through the First Academy. This is to equip staff with the required skills. Also, and competencies to perform optimally in their respective job functions.

7. Offers highly competitive compensation packages aimed at attracting and keeping high-performing and energetic people across various functional areas with the organization.

8. First Bank creates an enabling work culture and the environment with recognition and respect for individuals.

9. Gives support for professional development especially acquisitions of globally accredited certifications e.g. ACCA, CFA, ITIL, CISA, ICAN, CIBN, CIPD, etc.

First Bank Customer Care

Tel: +234 1 905 2326
Tel: +234 708 062 5000
Email: [email protected]
Tel: +234 1 448 5500

Head Office Address

Samuel Asabia House
35 Marina
P.O. Box 5216,
Lagos,
Nigeria.

First Bank is building a bank of the future; you also can be a part of it.

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FAQs on First Bank of Nigeria Advantages

Below are frequently asked questions on the advantages of First bank

1. What is the code to borrow money from First Bank?

The First Bank instant loan USSD code is *891*11#.


2. What is the interest rate for First Bank Salary loan?

The interest rate of First bank is 2.5% flat, per month.


3. Which bank gives personal loan easily?

HDFC Bank customers can get Personal Loans with minimal or no documentation.


4. What is a nano loan?

Nano Finance means lending, purchasing, discounting or re-discounting bills.


5. Does First bank give loan to salary earners?

The product is meant for salary earners whose accounts are domiciled with FirstBank and have received regular salaries in the last six months or more.


6. What is digital loan?

As the name suggests, a digital loan is one that you can avail online. 


7. Is microfinance a bank?

Microfinance is a banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services.


8. Can loan app block my BVN?

They will share your BVN with the authorities and they will blacklist you from using further loan products


9. How much is a 100k loan per month?

At a 4% fixed interest rate, your monthly mortgage payment on a 30-year mortgage might total $477.42 a month


10. Do u need credit to get a loan?

There are no minimum credit scores that will guarantee approval for a loan 


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