The management of Nigeria’s leading financial institution, First Bank Group has announced plans to change the bank’s identity to First Bank Nigeria Holding Company.
This is coming after receiving all the approvals from its shareholders and executives to effect the re-branding.
This was one of the major highlights that formed the agenda of the bank’s 43rd Annual General Meeting held in Lagos, where the bank’s performance and business operations for 2011 were presented to shareholders.
According to the bank’s management, the full implementation of the transition to First Bank Nigeria Holding Company will be completed by the second half of 2012.
The restructuring of the bank is in response to the Central Bank of Nigeria’s directive regarding divestment of non- banking subsidiaries from deposit money banks.