First Bank of Nigeria HQ
Headquarters in Lagos  


First Bank of Nigeria Ltd (FirstBank or FBN) is the largest bank in the country by total assets. As of March 31, 2014, it had N3.172 trillion in assets, N2.447 trillion in customer deposits and N1.533 trillion in customer loans. First Bank is the last of the old generation banks operating in the Nigerian banking sector. FirstBank Group comprises 10 subsidiaries, spanning asset management, investment banking, capital markets, insurance, microfinance, private equity, mortgage and pension fund custodian services – making it one of the most diversified financial conglomerates on the continent. With over 600 branches and more than 1,300 ATMs, the Bank maintains the largest branch network in the banking industry in Nigeria. It also has a subsidiary in the United Kingdom, FBN Bank (UK), which has a branch in Paris and representative offices in South Africa and China. First Bank's ownership is well diversified with over 1.3 million shareholders, and no shareholder holds over a 5% stake. The largest shareholding is held by the staff pension fund, which holds 3.35%. The Bank was founded in 1894 and is headquartered in Lagos. It was converted to a public company in 1970 and Bank’s shares were listed on the Nigerian Stock Exchange in 1971. First Bank of Nigeria operates as a subsidiary of FBN Holdings plc. FBN Holdings, the largest financial services group in Nigeria, comprises FirstBank of Nigeria Limited, FBN Capital Ltd, FBN Life Assurance Ltd, FBN Insurance Brokers Ltd and FBN Microfinance Bank.

FirstBank Businesses:
International Commercial Bank Limited, Ghana
International Commercial Bank S.A. Guinea
International Commercial Bank (Gambia) Ltd
International Commercial Bank (Sierra Leone) Ltd

 Financials (N million, December 31)

  2013 2012 2011 2010 2009
Total assets 3,246,577 2,770,674 2,471,438 2,037,209 1,772,456
Customer loans 1,473,840 1,316,407 1,144,461 1,046,925 1,033,321
Customer deposits 2,570,719 2,171,807 1,784,490 1,328,218 1,244,030

 Credit ratings

    National International  
  Date Long term Short term Long term Short term Outlook
Standard & Poor’s August 2010 ngA ngA-1 B+ B Negative
Fitch October 2010 A+ F1 B+ B Stable
GCR August 2010 AA- A1+     -
Agusto & Co October 2010 A+       Stable

Head Office address:
Samuel Asabia House
35, Marina, Lagos, Nigeria
Phone number: +234 1 9052326
Customer Service Centre: 0700 347782668228

 FirstBank International locations

Offshore Subsidiaries
United Kingdom FBN Bank (UK) Ltd.
28 Finsbury Circus,
London, EC2M 7DT
United Kingdom
Tel: +44 (0)20 7920 4920
Opening Hours:  Mon - Fri 9 am - 5 pm
Cashier services are available Monday to Friday from 9.30am to 4.00pm (excluding bank holidays)
France FBN Bank (UK) Ltd, Paris Branch
5 bis rue du Cirque
75008 Paris, France
Tel:  +33 1 53 53 20 40
Opening Hours:  Mon - Fri 9 am - 5 pm
Representative Offices
China FirstBank Beijing Representative Office
Unit 1421, Tower B, Beijing COFCO Plaza, No. 8 Jianguomennei Street, Dongcheng District,
Beijing 100005, China
South Africa FirstBank South Africa Representative Office
10th Floor, The Forum Sandton Square Building, 2, Maude Street, P.O. Box 784796, Sandton 2146, Johannesburg
South Africa
Tel: +27 11 7849922, +27 11 7849925
Fax: +27 11 7849806