First HoldCo Plc - Company Profile
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First HoldCo Plc (First HoldCo) is a financial institution that provides a range of banking services. The company's main activities include commercial banking, corporate banking, public sector banking, private banking and wealth management, and international banking. First HoldCo offers specialized products such as import and export financing, oil and gas contractor financing, and investment advisory services. It serves a diverse clientele, including middle-segment corporate clients, top-tier institutional clients, government entities, and high-net-worth individuals across various industries like energy, telecommunications, and agriculture. The bank maintains strategic service partnerships and operates through a network of subsidiaries and coverage groups. The bank's operations extend across multiple jurisdictions, focusing on both domestic and international markets. First HoldCo is headquartered in Lagos, Nigeria.
First HoldCo Plc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts and Deposits: | Online Banking | First HoldCo |
| Savings | Mobile Banking | |
| Domiciliary | Private Banking | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Divestiture | In November, the company completed the sale of FBNQuest Merchant Bank to EverQuest Acquisition. |
| 2024 | Acquisitions/Mergers/Takeovers | In June, the company's Femi Otedola acquired an additional 2.22% stake in First Bank. |
| 2023 | Stake Sale | In July, the company sold 14% stake to Barbican Capital. |
Competitor Comparison
| Key Parameters | First HoldCo Plc | Access Holdings PLC | Zenith Bank Plc | Guaranty Trust Bank Ltd | Fidelity Bank Plc |
|---|---|---|---|---|---|
| Headquarters | Nigeria | Nigeria | Nigeria | Nigeria | Nigeria |
| City | Lagos | Victoria Island | Victoria Island | Lagos | Victoria Island |
| State/Province | Lagos | Lagos | Lagos | Lagos | Lagos |
| No. of Employees | 10,241 | 9,820 | 10,397 | - | 3,182 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Olufemi Otedola | Chairman | Executive Board | 2024 | - |
| Oyinade Kuku | Head - Human Resources | Senior Management | - | - |
| Adebowale Oyedeji | Director; Group Managing Director | Executive Board | 2024 | - |
| Julius Omodayo-Owotuga | Director - First Bank of Nigeria | Executive Board | 2026 | - |
| Bode Oguntoke | Head - Internal Audit | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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