First Bank of Nigeria, a member of FBN Holdings Plc, has been announced as the Best Corporate Bank at the 2023 Euromoney Awards for Excellence.
The bank clinched the coveted award based on its 130-year commitment to enabling its corporate customers to achieve success through relevant and tailored financial solutions. FirstBank’s continuous investment in technology has been crucial to its leading industry role in optimally meeting the needs of its corporate customers, the bank said in a statement.
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 corporates, offering best-in-class capabilities such as payments, collections and account services as well as a locally-focused phased implementation of Trade and Supply Chain Finance.
The platform offers customers various solutions for corporate cash management (payments, collections and liquidity management). It also delivers end-to-end trade solutions for corporate clients covering L/C creation, tracking, bidding and reconciliations, the bank said.
Its corporate banking model is focused on ensuring that its clients get the same quality of service across its geographical locations. The execution of the 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, the 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.”
