FBNBank Ghana ready to lead Ghana’s development drive in the long term
Dr Adesola Adeduntan, the Chief Executive Officer of First Bank of Nigeria Limited and Subsidiaries, the parent company of FBNBank Ghana, has stated that banking continues to be a game-changer for countries such as Ghana and Nigeria in terms of facilitating socio-economic development and bringing people together.
He stated at the FBNBank@25 Gala Dinner, which commemorated FBNBank Ghana’s 25th-anniversary festivities, that “banking has remained a game-changer for West Africa since it was brought into the sub-region in the 1890s”.
We have reaped benefits such as the monetization of our economies, improved commerce, socio-economic progress, and the bridging of cultural divides as a result of the introduction of banking. We’re told about the support that thriving businesses like Elder Dempster, A. G. Leventis, U.A.C., and others received from banks back then, and how the introduction of formal businesses accelerated the socio-economic development of the colonial territories that are now our countries.”
Dr Adeduntan said that the First Bank of Nigeria was founded in the late 1890s, and that “for over 127 years, the First Bank of Nigeria has remained devoted to this duty, ensuring responsible support to the expansion of economies and enterprises through generations.”
He explained that the bank migrated its operations to Ghana to establish FBNBank Ghana, in keeping with the same enterprising spirit with which First Bank has committed itself over generations to supporting the growth of economies and businesses.
“Working together with our stakeholders, such as the government, regulators, and the people of Ghana, we aim to leverage our experience and capabilities to become a major player in this country (Ghana). I am happy to say, our team in Ghana is capable and passionate about seeing this through and we from the parent company are ready to support”, says Dr Adeduntan.
FBNBank Ghana, with the full support of First Bank of Nigeria, has focused on delivering sustainable support to key sectors of Ghana’s economy, with a dedicated focus on SMEs, since taking over from the erstwhile International Commercial Bank in Ghana. FBNBank’s assistance lasted throughout the peak of the Covid-19 pandemic, ensuring that critical supply lines remained open, he added.
Expressing gratitude to key stakeholders such as His Excellency President Akufo-Addo, the Ghanaian government and people, the Bank of Ghana and other regulators, as well as customers and clients of FBNBank Ghana, the Chief Executive Officer of First Bank of Nigeria Limited and Subsidiaries pledged their commitment to contribute significantly to Ghana by staking a stronger claim to becoming a major player in the country’s financial sector.
“I would want to re-emphasize that our commitment to Ghana is unwavering, as evidenced by our activities during the recent recapitalization of Ghanaian banks,” he added. FBNBank, like First Bank in Nigeria, is ready and capable of partnering with Ghana for the long haul.
Mrs Elsie Addo Awadzi, Second Deputy Governor of the Bank of Ghana, Ambassador Admiral Ibok, the Nigerian High Commissioner to Ghana, Mr Yoofi Grant, Chief Executive of the Ghana Investment Promotion Council, Mrs Mansa Nettey, President of the Ghana Association of Banks and Managing Director of Standard Chartered Bank, Mr John Awuah, the Honourable Deputy Minister of Finance, who represented His Excellency President Akufo-Addo all graced the occasion.
FBNBank Ghana is part of the First Bank of Nigeria Limited Group, which has built a reputation for excellent customer service and broad stakeholder engagement over the course of its 127-year history. FBNBank Ghana employs around 400 people across the country, with 20 branches and two agencies. Individuals and businesses in Ghana can use FBNBank’s universal banking services.
Source: Richard Mensah Adonu | Join our Telegram Group
