First HoldCo Plc - Company Profile
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First HoldCo Plc (First HoldCo) is a diversified financial products and services provider. Sound capital adequacy of its subsidiary, First Bank of Nigeria Ltd; improved deposits and cost efficiency are its major strengths, whereas its overdependence on the Nigerian market could be considered a major cause for concern. The emergence of FinTech companies, growing markets for payment channels, and a short-term economic outlook for the country could provide ample growth opportunities for the company. However, increasing credit risk exposure, regulatory compliance challenges, and cyber security risks could affect its business performance.
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