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First Bank is number one bank in Nigeria

By on February 7, 2012

Brand Finance in London, United Kingdom has ranked the FIRST BANK of Nigeria as number one best bank in Nigeria among its current top 500 World Bank Brands Ranking as published in the February edition of The Banker Magazine of the Financial Times Group, London, United Kingdom

According to a statement by The Banker’s Country Representative, Nigeria, Mr Kunle Ogedengbe, First Bank came top among Nigerian banks. Others that joined in the ranking were Guaranty Trust Bank, Zenith Bank and United Bank for Africa.

Brand Finance is the world’s leading brand valuation consultancy with support for business needs in different areas including technical valuations for accounting, tax and legal purposes; valuations in support of commercial transactions (acquisitions, divestment, licensing and joint ventures) involving different forms of intellectual property and valuations as part of a wider mandate to deliver value-based marketing strategy and tracking, thereby bridging the gap between marketing and finance.

According to the Top 500 Bank Brands report, though there are numerous ways of calculating brand value, Brand Finance uses methods recognised by courts and tax authorities.

The valuations of the brand take into account data on the whole financial group and brand-specific financial data.
These are, however, broken down into different streams such as product lines and geographical locations.

FirstBank has the highest brand value in Nigeria with $170 million closely followed by Guaranty Trust Bank with $169 million. Zenith Bank has a brand value of $147 million and United Bank for Africa $121 million.

One Comment

  1. Anonymous

    February 7, 2012 at 2:41 pm

    its a liar . Have they stoped unethical values of lending money inside the bank with costumers money upto 35%.
    Who do first bank borrow money to in nigeri a, only oil companies and crooks .
    masses will be told to even bring there dead fathers burial certificate to be given small soft loans, apart from writing to the pop  for accreditation.

    Fisrt bank has the wosrt costumer services and biggest Bank RATS in the banking sector follwoed by Diamond bank