FirstBank, Nigeria’s premier financial institution and financial inclusion services provider, was announced as the Best Corporate Bank at the recent prestigious Euromoney Awards for Excellence in Nigeria 2023.
A statement signed by the Group Head, Marketing and Corporate Communications, Folake Ani-Mumuney revealed that First Bank of Nigeria Limited clinched the award based on its 130-year commitment to enabling its corporate customers to achieve success through relevant and tailored financial solutions.
Its continuous investment in technology has been crucial to its leading industry role in optimally meeting the needs of its corporate customers. Recent investments in technology include the development of its smart and interactive Transaction Banking Platform known as FirstDirect2.0.
FirstDirect2.0 provides a one-stop shop online banking platform for corporate organisations, offering best-in- class capabilities such as Payments, Collections and Account Services and a locally focused phased implementation of Trade and Supply Chain Finance-a first for the Bank.
The platform offers customers various solutions for corporate cash management (Payments, Collections and Liquidity Management). It will also deliver end-to-end trade solutions for corporate clients covering the creation of Letters of Credit (L/C), tracking, bidding and reconciliations.
The Bank’s Corporate Banking model is focused on ensuring that its clients get the same quality of service across the Bank’s geographical locations. The execution of this approach through the deployment of the Global Account Management (GAM) Framework, implemented to enhance cross-relationship management tailored to customers with a Pan African footprint.
Dedicating the awards to its customers, Chief Executive Officer (CEO) of FirstBank Group, Dr. Adesola Adeduntan, said: “We are thrilled to announce that we have been recognised as the Best Corporate Bank in Nigeria at the Euromoney Awards for Excellence 2023. We say a heartfelt thank you to all our incredible customers for trusting us. This award is dedicated to YOU.”
Speaking on the recognition, Euromoney explained that the “Awards for Excellence” is the definitive annual awards programme of the global banking industry. The awards represent the highest distinction to the banks and bankers who matter most in an industry where differentiation is highly sought after and difficult to demonstrate.”
“For over 30 years, Euromoney has recognised the banks and that have demonstrated their differentiation, pioneering a comprehensive awards programme that today remains the industry benchmark globally,” it concluded.
FirstBank also recently clinched Best Corporate Bank Western Africa 2023 by Global Banking and Finance; Best Internet Banking in Nigeria 2023 by International Business Awards; Most Innovative Banking Brand in Nigeria by Global Brands Awards, as well as Financial Institution of the Year 2023 by Afreximbank Pan-African Business and Development, among other awards.