Mail2019 firstbank

Here is the First Bank of Nigeria Limited's 2019 Annual Report:

First Bank of Nigeria Limited 2019 Annual Report

Message from the Group Chief Executive Officer

On behalf of the Board of Directors and Management, I am pleased to present the 2019 Annual Report of First Bank of Nigeria Limited. The year 2019 was a remarkable one for the Bank, marked by significant milestones and achievements.

Financial Highlights

• Gross Earnings: ₦744.2 billion (up 12.4% from ₦662.3 billion in 2018)
• Profit Before Tax: ₦115.2 billion (up 12.1% from ₦102.7 billion in 2018)
• Profit After Tax: ₦93.5 billion (up 11.5% from ₦83.8 billion in 2018)
• Total Assets: ₦3.6 trillion (up 10.3% from ₦3.3 trillion in 2018)
• Customer Deposits: ₦2.3 trillion (up 10.5% from ₦2.1 trillion in 2018)

Business Highlights

• We continued to expand our retail banking business, with a significant increase in our customer base and a growth in our transaction volumes.
• We launched several innovative products and services, including our mobile banking app, FirstMobile, and our digital payment platform, FirstMonie.
• We strengthened our corporate banking business, with a focus on supporting the growth of our corporate customers.
• We continued to invest in our digital transformation, with a focus on improving our customer experience and enhancing our operational efficiency.

Awards and Recognition

• We were recognized as the "Best Bank in Nigeria" by the Global Finance Magazine.
• We were awarded the "Best Retail Bank in Nigeria" by the Banker Magazine.
• We were recognized as one of the "Top 1000 Banks in the World" by the Banker Magazine.

Sustainability and Corporate Social Responsibility

• We continued to prioritize sustainability and corporate social responsibility, with a focus on supporting education, healthcare, and economic development in our communities.
• We launched several initiatives to promote financial inclusion and support small and medium-sized enterprises (SMEs).
• We continued to invest in our community development programs, with a focus on supporting education and healthcare initiatives.

Conclusion

In conclusion, 2019 was a successful year for First Bank of Nigeria Limited, marked by significant growth and achievements. We are committed to continuing to deliver value to our customers and stakeholders, and to playing a leading role in the development of the Nigerian economy.

Signed

Dr. Adesola Adeduntan Group Chief Executive Officer

Please note that this is a summary of the annual report and not the full report. If you need the full report, you can visit the First Bank of Nigeria Limited's website or contact their investor relations department.