Nigerian Bank Nigeria First Bank of Nigeria Plc – First Bank Obtains $350 Million Loan
Source Next: March 22, 2010
First Bank of Nigeria Plc has obtained a 3-year medium term loan facility worth USD350 million from Standard Chartered Bank, UK. The purpose of the facility is for general financing requirements. In terms of local currency, the facility amounted to N52.5 billion, thus improving the bank’s balance sheet and providing increased capacity for lending to the critical sectors of the economy, such as power, telecommunication, agriculture, manufacturing, among others.
“There is a no doubt that the transaction reinforces the confidence and trust one of the world’s leading international financial institutions has on the stability and the resilience of First Bank,” says Group Managing Director/Chief Executive Officer of First Bank, Bisi Onasanya.
“At First Bank, our tradition of firm governance, financial strength, conservative management and depth of expertise, equips us to help rebuild trust in our industry and create a more stable financial sector. We will take all necessary steps to ensure the effective administration of the loan for the benefit of all end users,” he said.
The transaction is the single biggest exposure by a foreign bank to a Nigerian bank in recent times. In addition, it serves as a significant milestone in the relationship between two foremost institutions in Europe and Sub-Sahara Africa.
With over 4.2million customers, ten (10) financial subsidiaries, 576 locations in Nigeria, and presence in the UK, France, South Africa and China, the bank is arguably the country’s most diversified full-suite financial services group.
Nigerian Bank Nigeria First Bank of Nigeria Plc, Standard Chartered Bank
March 26th, 2012 on 1:18 am
TO
THE MANAGER
FIRST BANK OF NIGERIA PLC
SAMUEL ASABIA HOUSE
35,MARINA
LAGOS,NIGERIA
DEAR SIR/MADAM
CASH LOAN REQUEST
I wish to inform on a request of a cash loan on
sales.
please,kindly release on a cash warrants for sales on a reasonable amount of cash of $500.00 on weekly basis to allow for some debts.
I have on the clarification of my National driving licence (RENEW) and my bank account as a collateral for the identification.The identity numbers required for the cash loan are,driving licence Number- MBA1454AA2,Bank Account Number – 1433010066399 on First Bank Of Nigeria plc savings account and the name of the accounts owners is miss Uzor Uchenna Kelechi on the basis of identity.
I wish on the sales commencement for the cash loans duly on cash.
I wish my request will be considered.
Thanks for your usual co-operation.
Yours Sincerely
UZOR UCHENNA KELECHI.
Leave a Reply
March 26th, 2012 on 2:08 am
Send this to their site or go to a First bank branch to obtain the form and follow procceed
April 9th, 2012 on 12:39 pm
Do see d makin o4 money as a do or die affaire nd knw dat without God ur faith is seen as lost.work without prayer cant work 4 u.i wish u d best