FBN Holdings Plc is one of the largest financial organisations in Africa.
FBNHoldings is a financial holding company and one of the largest financial services organisations in Africa. It is a diversified and leading financial services Group offering a broad range of products and services through its subsidiaries, across commercial banking, merchant banking, capital markets, trusteeship and insurance brokerage to millions of customers.
FBNHoldings has oversight over its subsidiaries and drives group coordination, collaboration and synergies among other principal activities towards innovative financial solutions and enhanced shareholder value.
Established in 1894, FirstBank was founded by Sir Alfred Jones, a shipping magnate from Liverpool, England. With its head office originally in Liverpool, the Bank commenced business on a modest scale in Lagos, Nigeria under the name, Bank of British West Africa (BBWA).
A Multifaceted Group Structure
FBNHoldings is a multifaceted and one of the largest financial services organisation in Africa. It is well-diversified essentially along Commercial Banking, Merchant Banking, Capital Markets, Trusteeship and Insurance brokerage.
Commercial Banking comprises First Bank of Nigeria Limited, FirstBank (UK), FirstBank DRC, bank subsidiaries in West Africa, a representative office in Beijing, a branch office in Paris as well as First Pension Fund Custodian. This group provides both individual and corporate clients/ customers with financial intermediation services. This business segment includes the group’s domestic, international and representative office with operations in 10 countries offering commercial banking services.
Merchant Banking, Capital Markets and Trusteeship businesses are collectively referred to as the FBNQuest Group. FBNQuest Merchant Bank group comprises FBNQuest Merchant Bank and its subsidiaries, FBNQuest Securities Limited and FBNQuest Asset Management Limited. The FBNQuest Capital Markets group comprises FBNQuest Capital Limited and its subsidiaries, FBNQuest Funds Limited and FBNQuest Capital Partners Limited. FBNQuest Trustees Limited, also a direct subsidiary of the Holding company, is a leading trustee services provider. The group creates value by providing advice, finance, trading, investing and securing services to large institutions (corporations and government agencies) and individuals.
- Insurance Brokerage refers to FBN Insurance Brokers Limited. The business combines expert insurance brokerage knowledge and capabilities for risk assessment, analysis, structuring and advisory services in Life and General insurance business.