Also available
Interview with
Mr. Okey Nwosu,
Managing Director FinBank
Pioneering E-Banking and Enhancing Service Delivery
CN: FinBank (formerly First Inland Bank) was formed in 2006 following the merger of First Atlantic Bank Plc, Inland Bank Plc, NUB International Bank Ltd. and IMB International Bank Plc. What services do you provide for businesses and customers in Nigeria?
Mr.Okey Nwosu: FinBank Group is one of Nigeria’s leading providers of integrated financial services including retail banking and institutional banking, funds management, superannuation, insurance and stock brokerage services.
FinBank provides a full range of retail banking services including current account, demand and term deposits, consumer banking as well as trade finance and structured trade finance.
The bank serves corporations, government entities and other major institutions operating in Nigeria. Corporate customers have access to financial market services, securities underwriting, corporate finance, equities, payments and transaction services and investment management services.
What is FinBank’s strategic direction for the coming year?
The bank’s strategic direction for next year derives from our long term plan aimed at driving the bank’s growth projections. The overall projection is to be among the top five banks in the industry.
The Bank intends to achieve its focus through aggressive branch expansion, deployment of cutting edge technology, leveraging synergy and economies of scale through the subsidiaries, offering complimentary services – “a one stop shop for financial services” and retaining a highly skilled & motivated workforce.
The Bank continues to pursue its key strategic goals:
– To be top 5 in all our chosen markets
– To be the top bank in the retail/consumer banking segment
– To retain No. 1e-bank position
– To achieve superior market position and brand image
– To be a global player
The Retail Banking thrust continues to be a key part of the Bank’s strategy. The retail Banking Division galvanizes the activities of the Retail Products, Electronic Products Groups and the Virtual Branch. This new structure has firmly put retail banking in the fore-front of its market offering and has ensured that the retail banking drive is replicated in all branches.
