First Bank expands operations to Senegal


First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc has announced that FBN Bank Senegal, formerly registered as International Commercial Bank (ICB), has commenced operations. \r\nAccording to a statement by the bank, the unveiling was part of the integration process and agreement reached by First Bank and International Commercial Bank Financial Group Holdings Ag (ICBFGH) for the acquisition of a 100 per cent equity interest in ICB Senegal. \”The launch further consolidates First Bank\’s position as the largest corporate and retail banking financial institution in sub-Saharan Africa (excluding South Africa) with presence in DR Congo, Ghana, Guinea, Gambia, Sierra Leone and Senegal as well as presence in the UK and Representative Offices in Johannesburg, Abu Dhabi and Beijing. \r\nThe expansion represents First Bank\’s strategic objective to maintain significant market share, expand its pan-African footprint and diversify earnings while delivering value to shareholders.\”

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