FBNBank UK, a subsidiary of FirstBank Group is 40.
The 40th anniversary was celebrated in London, last Friday 11th November with the theme, Partnership Beyond Borders.
The event which had customers, government functionaries, the diplomatic community, regulators and captains of industry in attendance, served as an opportunity to appreciate the patronage and support the Bank had received since it opened its doors in the United Kingdom 40 years ago.
According to the bank, the attendees, as key stakeholders, were instrumental to establishing the institution as an important gateway to connect international markets in Africa, Europe and the rest of the world to the finest financial services solutions that the UK has to offer.
Nigeria’s President Muhammadu Buhari sent a goodwill message in which he said that, “FirstBank has profoundly demonstrated a high level of nationalism by keeping the Nigerian dream at the heart of its business through constant evolution to birth agile financial services solution to suit the demands of its customers both home and abroad. Also, perhaps more than any other institution in its class, FirstBank has supported the Government by providing human resources at various times to booster much required professional expertise in various sectors of our economy.”
In his welcome address, Mr. Sam Aiyere, Chief Executive Officer, FBN Bank UK Ltd said that since it opened for business, the Bank had demonstrated an unmatched dexterity, serving as a gateway connecting international markets in Africa, Europe and the rest of the world to the finest financial services solution that the UK has to offer.
Through its office in the UK and the Paris Branch, he said, “Our Bank has continued to facilitate international trade between Africa and Europe while offering top-notch, world-class corporate, institutional, and private banking solutions to our esteemed customers. We have recorded laudable achievement only because you stand solidly with us. Therefore, I dedicate the success of the past 40 years to all our stakeholders. Thank you for being the lever beneath our thrust”.
Appreciating the patronage and support extended to FBNBank UK, Dr. Adesola Adeduntan, CEO, FirstBank Limited declared: “Today we celebrate 40 years of unbroken business operations in the United Kingdom; 40 years of supporting and enabling dreams; 40 years of resilience and relevance; 40 years of trust, safety and security; 40 years of long-term value to all stakeholders; and 40 years of partnerships beyond borders. I believe the future is bright for FBN Bank UK. With our beautiful outing tonight, our Group stands out, once again, as one big and happy family of many parts”.
In his speech, Mr. Godwin Emefiele, Governor, Central Bank of Nigeria, CBN, stated that FBNBank UK’s established presence in a leading global financial centre such as London ensures that FirstBank Group is well positioned to play an active role in the promotion of Africa as an investment destination, attract much needed capital to the continent and facilitate trade with other parts of the world, noting that the presence of FirstBank in other countries outside Nigeria shows that the span of its impact is continent-wide.
He said: “As you are headquartered in the largest economy on the continent, you have a unique role in also facilitating capital flows into other African countries and assisting their economic growth and development”.
Guests at the event included Hon. Justice Olukayode Ariwoola, Chief Justice of Nigeria; Olubadan of Ibadan, Oba Moshood Olalekan Ishola Balogun; Ambassador Sarafa Tunji Isola, High Commissioner of Nigeria to UK; former Kano Emir Muhammadu Sanusi II, who is also a former Governor of CBN; Alhaji Umaru Abdul Mutallab, former Chairman of FirstBank; and Alhaji Mohammed Indimi, Chairman, Oriental Energy Resources.
Established in the United Kingdom in 1982 as the London Branch of the First Bank of Nigeria Limited., FBNBank UK was initially to service the UK banking requirements of Nigerian companies and FirstBank.
Later in November 2002, the Bank was incorporated in the UK as a registered and wholly-owned subsidiary of First Bank of Nigeria Limited with offices in the City of London and has then developed into a much broader business in the gateway to Europe and beyond for African banks, companies and high net worth individuals.