First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc has expanded its footprint across Africa with the launch of FBN Bank Gambia, formerly registered as International Commercial Bank, ICB.
This follows the 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 Gambia.
The bank in a statement issued by its head of Marketing and Corporate Communications, Folakemi Ani-Mummuney, said the unveiling further consolidates its 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 First Bank’s strategic objective to maintain significant market share, expand its pan-African footprint and diversify earnings while delivering value to shareholders.
FBN Bank Gambia is positioned to foster greater collaboration and provide better service for the country’s public and private sector clients, and the public at large. The Bank leverages First Bank’s international network, business expertise, which is part of the diversified synergies of the FBN Group to offer innovative, convenient and secure banking services to its customers and better seize the emerging opportunities in the local market.
Speaking at the Launch the Group Managing Director of FirstBank, Bisi Onasanya said, “The launch of FBNBank Gambia is yet another milestone achievement in our ambition to steadily broaden and build a more diverse footprint 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.”
Also, the acting Managing Director, FBNBank Gambia, Uloma Kings-Olikagu said “Having built value for Nigeria over the last 120 years, First Bank 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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