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FirstBank attributes growth to customers’ support

The Chief Executive Officer (CEO) of the First Bank Group, Dr Adesola Adeduntan, has attributed the bank’s growth rate in the first half of 2023…

The Chief Executive Officer (CEO) of the First Bank Group, Dr Adesola Adeduntan, has attributed the bank’s growth rate in the first half of 2023 to the support of its customers.

Adeduntan, who disclosed this in Lagos during the bank’s Corporate Customer Engagement Forum, noted that the bank had been awarded the Best Corporate Bank in Western Africa 2023 by Global Banking and Finance Awards for the second year in a row, among other global recognitions.

He was represented by the Group Executive, Technology, Digital Innovation and Services, Callistus Obetta, at the forum, which serves as a platform for discussing important issues that are crucial to the growth and success of businesses.

He said, “Our recently released H1 2023 financials also attest to the consistent upward leap that has become a second nature to us in FirstBank, accentuating our commitment to becoming Africa’s bank of first choice.

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FirstBank attributes growth to customers’ support

“For the records, the bank made an impressive, record-breaking Profit Before Tax of N188.8bn, up 214.6 per cent year-on-year compared to N60bn same period 2022.

“Also, total assets climaxing to N13.6trn, year-to-date and customers’ deposit growing to N8.8trn, up 26.9 per cent year-to-date, among several other remarkable indices.

“This is a laudable feat that has been made possible by all our customers, partners and stakeholders and I thank you for your unflinching confidence reposed in our brand.’’

The Chief Consultant of B. Adedipe Associates Ltd (BAA Consult), Dr Biodun Adedipe, who spoke on the theme: “Thriving in Transition: Financial Strategies for Changing Times”, commended the management of FirstBank for effectively growing its business in spite of economic challenges like naira depreciation occasioned by the exchange rate unification.

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