FirstBank H1'11 Investor & Analyst Presentation
Strategy &
Summary &
Transformation
Risk Mgt &
Corporate
Financial
Review
Operating
Environment
Highlights
Outlook
Governance
At the group level, we continue the ongoing restructuring and
optimisation of our governance model, alongside an increased focus
on investment banking/asset mgt and insurance
Proposed Group structure
FBN Holdings Plc
FirstBank
Since 1894
First Bank of Nigeria
FBN Capital
FBN Life Assurance
FBN Microfinance
FBN Bank (UK)
FBN Securities
FBN Insurance
Brokers
FBN Mortgages
FBN BDC
First Funds
First Trustees
* First Pension Custodian to report directly to FBN Holdings subject to PENCOM approval
First Registrars
First Pension
Custodian*
To be ultimately divested
This structure allows us to ring-fence the banking business from other non-banking subsidiaries and their
associated risks, in full compliance with the CBN's directive and gives the opportunity to leverage strategic
synergies across subsidiaries through arms length transactions.
FirstBank H1'11 Investor & Analyst Presentation - 27/07/2011
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