Nigeria

First Inland Bank Plc

An EMIS Company Report EMIS is a Euromoney Institutional Investor plc company USD 9.95 Industry: Banking and Credit Intermediation Available in: English Format: PDF Download Buy full report

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Contact Information

Headquarters
First Inland Bank PLC Plot 532, IBB Way, Wuse 4, Abuja, Nigeria.
Abuja; Federal Capital Territory; Map

Tel: (01) 2622472-
Fax: (01) 262

Company Description
First Inland Bank Plc is the result of the Merger between four Nigerian banks, namely First Atlantic Bank Plc, Inland Bank (Nig.) Plc, IMB International Bank Plc and NUB International Bank Limited. The Merger has created a unique banking institution with total assets of about =N=130 billion (US$1bn), shareholders funds of N26bn ($200m) as at January 2006 and a network of 146 branches strategically spread across Nigeria. In November 2010, both FinBank and First City Monument Bank (FCMB) announced that FCMB has expressed interest in acquiring shareholding and become the strategic investor in FinBank, another Nigerian commercial bank that was undercapitalized. In February 2012, following regulatory approval, FCMB acquired 100% shareholding and began integration of Finbank in its existing operations.
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