FirstBank of Nigeria has been announced as the Best Corporate Bank at the recent prestigious Euromoney Awards for Excellence, Nigeria 2023.

The country’s oldest bank clinched the coveted award based on its 130-year commitment to enabling its corporate customers achievement through relevant and tailored financial solutions

FirstBank, in a statement, said its continuous investment in technology has been crucial to its leading industry role in optimally meeting the needs of its corporate customers.

Recent investments in technology, according to it, include the development of its smart and interactive Transaction Banking Platform known as FirstDirect2.0.

FirstDirect 2.0 it said, provides a one-stop shop online banking platform for corporates, offering best-in-class capabilities such as Payments, Collections, and Account Services, and a locally focused phased implementation of Trade and Supply Chain Finance – a first for the Bank

The platform according to the bank, offers customers various solutions for corporate cash management (Payments, Collections and Liquidity Management). And will also deliver end-to-end trade solutions for corporate clients covering L/C creation, tracking, bidding and reconciliations

The Bank’s Corporate Banking model, it said, is focused on ensuring that its clients get the same quality of service across the Bank’s geographical locations. The execution of this approach through the deployment of the Global Account Management (GAM) Framework, implemented to enhance cross-relationship management tailored to Customers with a Pan African footprint

Dedicating the awards to its customers, Dr Adesola Adeduntan, CEO FirstBank Group said: “We are thrilled to announce that we have been recognised as the Best Corporate Bank in Nigeria at the Euromoney Awards for Excellence 2023.

“We say a heartfelt thank you to all our incredible customers for trusting us. This award is dedicated to YOU,” he concluded.

According to Euromoney, “The Awards for Excellence” – is the definitive annual awards programme of the global banking industry. The awards represent the highest distinction to the banks and bankers who matter most in an industry where differentiation is highly sought after and exceptionally difficult to demonstrate

For over 30 years, Euromoney has recognised the banks and that have demonstrated their differentiation, pioneering a comprehensive awards programme that today remains the industry benchmark globally, it concluded.”

Amongst other awards, FirstBank recently added to its awards kitty, Best Corporate Bank Western Africa, 2023, by Global Banking and Finance; Best Internet Banking in Nigeria, 2023 by International Business Awards; the Most Innovative Banking Brand in Nigeria by Global Brands Awards as well as the Financial Institution of the Year 2023 by Afreximbank Pan-African Business and Development