MONEY MATTERS FBN acquires 100% of DRC arm

First Bank of Nigeria Limited has announced the acquisition of the remaining shares in FBNBank of the Democratic Republic of Congo (DRC).

The bank said earlier invested in the Banque Internationale de Credit in 2011 when it acquired a 75 per cent stake in FBNBank DRC. The bank expanded its product offerings and is currently ranked amongst the top five banks serving the DRC, a country with a population of over 82 million. it

The Chief Executive Officer of FirstBank, Dr. Adesola Adeduntan said, “This acquisition further consolidates our already robust African footprint and positions FirstBank to take advantage of emerging opportunities in DRC and the sub-region.

In his remark, the CEO, FBNBank DRC, Mr. Akeem Oladele, stated that, “With 100% holding by FirstBank, FBNBank DRC now has much greater flexibility to deliver differentiated propositions by fully tapping into the resources and innovative capabilities of FirstBank in eight countries, on three continents.

“FBNBank DRC is also now uniquely positioned to deepen customer reach, broaden offerings and accelerate its growth from top 5 to top 3 in DRC.”

Meanwhile, FBN has counselled secondary school students on making the right career choices during its week of celebrating its Corporate Responsibility and Sustainability initiatives from September 25 29, 2017.

In the Abuja region, the bank held the career counselling day at the Government Science Technical College Garki, Abuja.

The Executive Director, Retail Banking North, First Bank, Mr. Abdullahi Ibrahim, who took the students in career counselling told journalists that the programme will help to provide the students information to enable them make the right career decision.

He said, “We are empowering the youths with the knowledge base that is required for them to take the right career decision so they come out as a productive members of the society while also achieving their dreams.”