FirstBank is a leading Nigerian bank with over 117 years of experience. It has headquarters in Lagos and operations in London, Paris, Johannesburg, Beijing, and other locations. FirstBank aims to provide best-in-class financial services and promote national economic development through its subsidiaries, which include asset management, insurance, and pension fund businesses. The bank has over 1.3 million shareholders globally and continues to receive strong credit ratings. In the first nine months of 2010, FirstBank saw significant growth in deposits, loans, and earnings compared to the previous year.
The 50th edition of the FirstBank Lagos Amateur Open Golf Championship was held at Ikoyi Club. Abimbola Mofuf of Ikoyi Golf Club emerged as the overall gross winner, returning scores of 80 and 78 over two days for a total of 158 points. Bernadine Okeke, Executive Director of FirstBank, praised the high standard of play and said the bank would continue supporting the championship to nurture new talents. Ian Keenan, a European golf professional, was impressed by the passion and energy of Nigerian golfers and said the bank's sponsorship would improve the quality of the game. Over 120 players from 14 clubs participated in the prestigious amateur tournament.
FirstBank Impact Series International Conference Summary ReportFirstBank, Nigeria
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness and well-being.
First Bank of Nigeria Plc reported a 1.9% increase in profit before tax to N15.7 billion for the first quarter of 2011, compared to N15.4 billion in the first quarter of 2010. Total assets increased 8.9% year-over-year to N2.5 trillion while loans and advances grew 18% to N1.3 trillion. The bank maintained a strong capital position with a capital adequacy ratio of 19% and is focused on implementing its transformation agenda to continue growing strategically and increasing shareholder value.
The document provides a verb tense review test with fill-in-the-blank questions using various verb tenses. It tests simple present, present continuous, simple past, and future tenses. The questions cover a range of everyday activities and scenarios to practice appropriate verb conjugations in different tenses.
This short document lists common farm animals such as pigs, chickens, ducks, sheep, goats, cows, and horses. It then asks what the reader's favorite animal is, with the response being cats. When asked if they like cats, the answer is yes, but they do not like pigs.
FirstBank of Nigeria PLC and two of its subsidiaries are sponsoring the 50th edition of the Lagos Amateur Open Golf Championship scheduled for October 21 at Ikoyi Club 1938 in Lagos. The tournament will feature two professional golfers from Sweden and over 260 amateur Nigerian golfers. As the oldest elite golf tournament in Nigeria, it has produced many professional golfers over the past 50 years. In addition to supporting the development of golf in Nigeria, FirstBank aims to promote the health benefits of the sport and cross-sell its private banking products to participants.
FirstBank is a leading Nigerian bank with over 117 years of experience. It has headquarters in Lagos and operations in London, Paris, Johannesburg, Beijing, and other locations. FirstBank aims to provide best-in-class financial services and promote national economic development through its subsidiaries, which include asset management, insurance, and pension fund businesses. The bank has over 1.3 million shareholders globally and continues to receive strong credit ratings. In the first nine months of 2010, FirstBank saw significant growth in deposits, loans, and earnings compared to the previous year.
The 50th edition of the FirstBank Lagos Amateur Open Golf Championship was held at Ikoyi Club. Abimbola Mofuf of Ikoyi Golf Club emerged as the overall gross winner, returning scores of 80 and 78 over two days for a total of 158 points. Bernadine Okeke, Executive Director of FirstBank, praised the high standard of play and said the bank would continue supporting the championship to nurture new talents. Ian Keenan, a European golf professional, was impressed by the passion and energy of Nigerian golfers and said the bank's sponsorship would improve the quality of the game. Over 120 players from 14 clubs participated in the prestigious amateur tournament.
FirstBank Impact Series International Conference Summary ReportFirstBank, Nigeria
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness and well-being.
First Bank of Nigeria Plc reported a 1.9% increase in profit before tax to N15.7 billion for the first quarter of 2011, compared to N15.4 billion in the first quarter of 2010. Total assets increased 8.9% year-over-year to N2.5 trillion while loans and advances grew 18% to N1.3 trillion. The bank maintained a strong capital position with a capital adequacy ratio of 19% and is focused on implementing its transformation agenda to continue growing strategically and increasing shareholder value.
The document provides a verb tense review test with fill-in-the-blank questions using various verb tenses. It tests simple present, present continuous, simple past, and future tenses. The questions cover a range of everyday activities and scenarios to practice appropriate verb conjugations in different tenses.
This short document lists common farm animals such as pigs, chickens, ducks, sheep, goats, cows, and horses. It then asks what the reader's favorite animal is, with the response being cats. When asked if they like cats, the answer is yes, but they do not like pigs.
FirstBank of Nigeria PLC and two of its subsidiaries are sponsoring the 50th edition of the Lagos Amateur Open Golf Championship scheduled for October 21 at Ikoyi Club 1938 in Lagos. The tournament will feature two professional golfers from Sweden and over 260 amateur Nigerian golfers. As the oldest elite golf tournament in Nigeria, it has produced many professional golfers over the past 50 years. In addition to supporting the development of golf in Nigeria, FirstBank aims to promote the health benefits of the sport and cross-sell its private banking products to participants.
The document is the 2011 annual report of First Bank of Nigeria PLC. It discusses the bank's financial and non-financial performance in 2011. Some key highlights include:
- Total group assets grew to N2.84 trillion, a 15% increase from 2010.
- Gross earnings increased 15% to N296 billion.
- The bank began a new three-year strategic plan with expanded strategic pillars and priorities.
- The bank improved its ranking in a customer satisfaction survey, moving closer to its goal of service excellence.
First Bank of Nigeria Full Year December 2011 & First Quarter 2012 Results Pr...FirstBank, Nigeria
The document is a presentation for First Bank of Nigeria's full year 2011 and first quarter 2012 results. It provides an overview of the bank's operating environment and macroeconomic considerations, followed by sections reviewing the bank's financial performance, risk management, and strategy. The presentation was intended to inform analysts and investors about First Bank of Nigeria's results and outlook.
The Nigeria Summit focused on transforming Nigeria's potential into profit through policy implementation rather than changes. Central Bank Governor Sanusi stressed the need to spread oil wealth to address unrest, while the Finance Minister highlighted plans to support entrepreneurs and increase transparency. The Trade Minister said Nigeria has resources and population to drive growth, and the government aims to improve infrastructure access, governance, and execution to enable long-term changes. Power supply was a recurrent issue, and stakeholders discussed improving distribution, reducing piracy, and leveraging gas to fuel power stations. Chinese investment was debated, with concerns around job creation for Africans and construction quality.
FirstBank Impact Series - Central Bank of Nigeria's Paper Presentation (abrid...FirstBank, Nigeria
The document discusses the future of microfinance in Nigeria and the role of the Central Bank of Nigeria. It summarizes the key points of the 2005 Microfinance Policy and highlights the factors that have contributed to persisting gaps in access to financial services. It then outlines the major revisions made to the policy in 2011, including changes to capital requirements for microfinance banks. Finally, it lists several next steps that will be taken to further promote microfinance and financial inclusion in Nigeria, such as capacity building programs, strengthening linkages between institutions, and collaborating with development partners.
FirstBank Impact Series International Conference 2011 BrochureFirstBank, Nigeria
This document provides the program for the "Micro-financing as a Tool for Poverty Eradication & Economic Growth in Nigeria" conference held by FirstBank Impact Series. The program includes:
- Welcome addresses in the morning session from the Group Managing Director of FirstBank and the Governor of Lagos State.
- A panel discussion on microfinancing in Nigeria from the perspectives of the Central Bank of Nigeria Governor and other experts.
- A keynote speech from Professor Muhammad Yunus on the global need for microfinancing and social business.
- Additional panel discussions on challenges and opportunities in Nigerian microfinancing, and regulatory frameworks to bank the unbanked. The panels include
The document is the editorial note for the maiden edition of FirstBank's semi-annual publication, the FirstBank Review. It introduces the publication as a means for FirstBank to stimulate discussion on contemporary economic issues among decision makers. The editorial note highlights that the first issue will focus on "Unlocking the Domestic Credit Market" given the paradoxical situation where banks have excess liquidity but are reluctant to lend. It aims to explore the reasons for this credit conundrum and provide recommendations to help restore credit flows.
GMD Speech for Commissioning of China Representative OfficeFirstBank, Nigeria
FirstBank of Nigeria opened a representative office in China to further assist in opening new business frontiers between Nigeria and China given the increasing trade flows between the two countries. The new office accentuates FirstBank's rise as an international financial services icon and will help facilitate and widen financial transactions and trade flows. FirstBank already has several banking relationships with Chinese institutions involving investments and partnerships totaling billions of dollars. The representative office will provide first-class financial services to support the Chinese business community exploring opportunities in the Nigerian market.
Mr. Bisi Onasanya welcomed guests to First Bank of Nigeria's celebration of receiving ISO 27001 certification, the highest standard for information security. The certification affirms that First Bank has adopted and complies with the world's best practices for information security management. It makes First Bank the first organization in Nigeria to receive this certification, placing it among elite institutions like the IMF and World Bank. The certification is part of First Bank's FirstSecure program to achieve certifications for information security, business continuity, and IT governance. It will increase customer and investor confidence in Nigeria's economy by ensuring the confidentiality, integrity and availability of First Bank's information assets.
GMD Speech at 50th Anniversary Celebrations of Capital Market Operations in N...FirstBank, Nigeria
The document summarizes a speech given by Mr. Bisi Onasanya, CEO of First Bank of Nigeria, at the 50th anniversary celebration of capital market regulatory activities in Nigeria. In the speech, Mr. Onasanya congratulates the Nigerian Stock Exchange and Securities Exchange Commission on their roles in fostering economic stability. He highlights First Bank's long involvement in the stock market since being listed in 1971, including setting records for market capitalization. Mr. Onasanya also stresses the importance of further reforms to deepen the capital market and transition to more real sector instruments.
FirstBank Nigeria, GMD welcome speech to launch of biometrics atmFirstBank, Nigeria
First Bank of Nigeria launched its biometric ATM to provide more secure authentication for customers and address challenges of migrating customers to electronic banking. The biometric ATM allows existing customers to add fingerprint authentication to their ATM transactions in addition to PINs. New cardholders will authenticate using fingerprints only. This initiative aims to drive financial inclusion by making banking more accessible to the unbanked population. It also ensures First Bank continues to pioneer innovations that align with regulatory safety and security frameworks.
1) Total assets grew to N2.3 trillion for the Group and N2 trillion for the Bank in 2010 compared to N2.1 trillion and N1.8 trillion respectively in 2009.
2) Gross earnings increased to N231 billion for the Group and N208 billion for the Bank in 2010 from N194 billion and N175 billion respectively in 2009.
3) Profit before tax rose to N43 billion for the Group and N34 billion for the Bank in 2010 compared to N13 billion and N8 billion respectively in 2009.
The document provides an overview of First Bank of Nigeria's results for the nine months ended September 2010. It highlights a number of positive results including year-to-date deposit and lending growth, improving profitability with a return on equity of 14.1%, and a strong and liquid balance sheet. The bank is focusing on growth strategies like international expansion and diversification into investment banking and insurance. It is also working to improve service excellence through initiatives such as centralizing branch processes and optimizing channels to better serve customers. Overall the results show satisfactory performance in challenging economic conditions.
- First Bank Group reported a 28.8% increase in gross earnings for the 9 months ended December 2009 compared to the same period in 2008. However, gross earnings declined 10.65% for the quarter ended March 2010 compared to the prior year quarter.
- Profit before tax declined sharply for the 9 months ended December 2009 at -72.6% but increased for the quarter ended March 2010 compared to the previous quarter.
- Capital adequacy and liquidity ratios remained strong but the loan to deposit ratio increased from 81.3% to 89.7%, indicating higher lending activity.
First Bank Group reported its financial results for the first half of 2010. [1] Net earnings declined by 6.37% compared to the same period in 2009, driven by a 7.1% fall in net interest income. [2] However, credit losses saw a net recovery of $0.95 billion compared to a $39.8 billion provision in the first half of 2009. [3] Total assets grew by 4.1% while deposits increased by 6.5% over the same period.
First Bank Group reported results for the 9 months ended December 31, 2009 and quarter ended March 31, 2010. For the 9 months ended December 31, 2009, gross earnings increased 28.8% to N196.4 billion compared to the same period in 2008. However, profit before tax declined 72.6% to N11.6 billion. In the quarter ended March 31, 2010, gross earnings declined 10.65% to N62.4 billion compared to the same quarter in 2009, while profit before tax increased significantly to N15.4 billion. First Bank remains well capitalized with a capital adequacy ratio of 17.67% as of March 31, 2010 and continues its strategy of growing earnings while improving asset
The document is the 2011 annual report of First Bank of Nigeria PLC. It discusses the bank's financial and non-financial performance in 2011. Some key highlights include:
- Total group assets grew to N2.84 trillion, a 15% increase from 2010.
- Gross earnings increased 15% to N296 billion.
- The bank began a new three-year strategic plan with expanded strategic pillars and priorities.
- The bank improved its ranking in a customer satisfaction survey, moving closer to its goal of service excellence.
First Bank of Nigeria Full Year December 2011 & First Quarter 2012 Results Pr...FirstBank, Nigeria
The document is a presentation for First Bank of Nigeria's full year 2011 and first quarter 2012 results. It provides an overview of the bank's operating environment and macroeconomic considerations, followed by sections reviewing the bank's financial performance, risk management, and strategy. The presentation was intended to inform analysts and investors about First Bank of Nigeria's results and outlook.
The Nigeria Summit focused on transforming Nigeria's potential into profit through policy implementation rather than changes. Central Bank Governor Sanusi stressed the need to spread oil wealth to address unrest, while the Finance Minister highlighted plans to support entrepreneurs and increase transparency. The Trade Minister said Nigeria has resources and population to drive growth, and the government aims to improve infrastructure access, governance, and execution to enable long-term changes. Power supply was a recurrent issue, and stakeholders discussed improving distribution, reducing piracy, and leveraging gas to fuel power stations. Chinese investment was debated, with concerns around job creation for Africans and construction quality.
FirstBank Impact Series - Central Bank of Nigeria's Paper Presentation (abrid...FirstBank, Nigeria
The document discusses the future of microfinance in Nigeria and the role of the Central Bank of Nigeria. It summarizes the key points of the 2005 Microfinance Policy and highlights the factors that have contributed to persisting gaps in access to financial services. It then outlines the major revisions made to the policy in 2011, including changes to capital requirements for microfinance banks. Finally, it lists several next steps that will be taken to further promote microfinance and financial inclusion in Nigeria, such as capacity building programs, strengthening linkages between institutions, and collaborating with development partners.
FirstBank Impact Series International Conference 2011 BrochureFirstBank, Nigeria
This document provides the program for the "Micro-financing as a Tool for Poverty Eradication & Economic Growth in Nigeria" conference held by FirstBank Impact Series. The program includes:
- Welcome addresses in the morning session from the Group Managing Director of FirstBank and the Governor of Lagos State.
- A panel discussion on microfinancing in Nigeria from the perspectives of the Central Bank of Nigeria Governor and other experts.
- A keynote speech from Professor Muhammad Yunus on the global need for microfinancing and social business.
- Additional panel discussions on challenges and opportunities in Nigerian microfinancing, and regulatory frameworks to bank the unbanked. The panels include
The document is the editorial note for the maiden edition of FirstBank's semi-annual publication, the FirstBank Review. It introduces the publication as a means for FirstBank to stimulate discussion on contemporary economic issues among decision makers. The editorial note highlights that the first issue will focus on "Unlocking the Domestic Credit Market" given the paradoxical situation where banks have excess liquidity but are reluctant to lend. It aims to explore the reasons for this credit conundrum and provide recommendations to help restore credit flows.
GMD Speech for Commissioning of China Representative OfficeFirstBank, Nigeria
FirstBank of Nigeria opened a representative office in China to further assist in opening new business frontiers between Nigeria and China given the increasing trade flows between the two countries. The new office accentuates FirstBank's rise as an international financial services icon and will help facilitate and widen financial transactions and trade flows. FirstBank already has several banking relationships with Chinese institutions involving investments and partnerships totaling billions of dollars. The representative office will provide first-class financial services to support the Chinese business community exploring opportunities in the Nigerian market.
Mr. Bisi Onasanya welcomed guests to First Bank of Nigeria's celebration of receiving ISO 27001 certification, the highest standard for information security. The certification affirms that First Bank has adopted and complies with the world's best practices for information security management. It makes First Bank the first organization in Nigeria to receive this certification, placing it among elite institutions like the IMF and World Bank. The certification is part of First Bank's FirstSecure program to achieve certifications for information security, business continuity, and IT governance. It will increase customer and investor confidence in Nigeria's economy by ensuring the confidentiality, integrity and availability of First Bank's information assets.
GMD Speech at 50th Anniversary Celebrations of Capital Market Operations in N...FirstBank, Nigeria
The document summarizes a speech given by Mr. Bisi Onasanya, CEO of First Bank of Nigeria, at the 50th anniversary celebration of capital market regulatory activities in Nigeria. In the speech, Mr. Onasanya congratulates the Nigerian Stock Exchange and Securities Exchange Commission on their roles in fostering economic stability. He highlights First Bank's long involvement in the stock market since being listed in 1971, including setting records for market capitalization. Mr. Onasanya also stresses the importance of further reforms to deepen the capital market and transition to more real sector instruments.
FirstBank Nigeria, GMD welcome speech to launch of biometrics atmFirstBank, Nigeria
First Bank of Nigeria launched its biometric ATM to provide more secure authentication for customers and address challenges of migrating customers to electronic banking. The biometric ATM allows existing customers to add fingerprint authentication to their ATM transactions in addition to PINs. New cardholders will authenticate using fingerprints only. This initiative aims to drive financial inclusion by making banking more accessible to the unbanked population. It also ensures First Bank continues to pioneer innovations that align with regulatory safety and security frameworks.
1) Total assets grew to N2.3 trillion for the Group and N2 trillion for the Bank in 2010 compared to N2.1 trillion and N1.8 trillion respectively in 2009.
2) Gross earnings increased to N231 billion for the Group and N208 billion for the Bank in 2010 from N194 billion and N175 billion respectively in 2009.
3) Profit before tax rose to N43 billion for the Group and N34 billion for the Bank in 2010 compared to N13 billion and N8 billion respectively in 2009.
The document provides an overview of First Bank of Nigeria's results for the nine months ended September 2010. It highlights a number of positive results including year-to-date deposit and lending growth, improving profitability with a return on equity of 14.1%, and a strong and liquid balance sheet. The bank is focusing on growth strategies like international expansion and diversification into investment banking and insurance. It is also working to improve service excellence through initiatives such as centralizing branch processes and optimizing channels to better serve customers. Overall the results show satisfactory performance in challenging economic conditions.
- First Bank Group reported a 28.8% increase in gross earnings for the 9 months ended December 2009 compared to the same period in 2008. However, gross earnings declined 10.65% for the quarter ended March 2010 compared to the prior year quarter.
- Profit before tax declined sharply for the 9 months ended December 2009 at -72.6% but increased for the quarter ended March 2010 compared to the previous quarter.
- Capital adequacy and liquidity ratios remained strong but the loan to deposit ratio increased from 81.3% to 89.7%, indicating higher lending activity.
First Bank Group reported its financial results for the first half of 2010. [1] Net earnings declined by 6.37% compared to the same period in 2009, driven by a 7.1% fall in net interest income. [2] However, credit losses saw a net recovery of $0.95 billion compared to a $39.8 billion provision in the first half of 2009. [3] Total assets grew by 4.1% while deposits increased by 6.5% over the same period.
First Bank Group reported results for the 9 months ended December 31, 2009 and quarter ended March 31, 2010. For the 9 months ended December 31, 2009, gross earnings increased 28.8% to N196.4 billion compared to the same period in 2008. However, profit before tax declined 72.6% to N11.6 billion. In the quarter ended March 31, 2010, gross earnings declined 10.65% to N62.4 billion compared to the same quarter in 2009, while profit before tax increased significantly to N15.4 billion. First Bank remains well capitalized with a capital adequacy ratio of 17.67% as of March 31, 2010 and continues its strategy of growing earnings while improving asset