By Yemisi Izuora-Lagos
World Finance has named First Bank and FBN Insurance, the banking and Insurance subsidiaries of FBN Holdings Plc as the 2014 Best Private Bank in Nigeria and Best Life Insurance Company for the Nigerian market respectively.
The awards are part of World Finance series of Award competition which rate companies that demonstrate innovative risk management strategies and client services.
According to the organisers of World Finance Awards, First Bank was adjudged winner based on its attention to client services and it’s ‘Best in Class’ private banking hubs located in Abuja, Lagos, and Port Harcourt as well as the accelerated speed in growing its market share and registering a 39 per cent in revenues within a short span of operation.
Also the choice of FBN Insurance for the award is in recognition of its innovative deployment of risk management solutions and operational standards such as good global insurance best practices, strong and decisive management, financial figures/performance, operational efficiency and effectiveness, quality employee management and good customer retention rate.
“These, coupled with multinational support on risk solutions through an unequalled global network of the Sanlam Group of South Africa gave FBN Insurance commendable all-round industry recognition,” organisers said.