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ABOUT US- Afribank historical background
Afribank Nigeria Plc is one of the leading banks in Nigeria in terms of both assets and profitability. It is arguably the most diversified financial conglomerate in Nigeria.
From a humble spread of two branches in 1960, the Bank has grown to be represented in over 250 locations in major urban and sub-urban towns throughout Nigeria
Afribank Nigeria Plc is the parent company of the Afribank Group. The highly diversified financial group boasts of a full service commercial bank, Afribank Capital Market, an off-shore finance company in Dublin, Ireland, a stock broking company, an insurance brokerage company, a trustees and assets management company and an estate development company. The consistent growth of this financial super structure has continued to exemplify the Bank’s position as Nigeria’s “one-stop bank”.
Afribank is a full service commercial bank that is committed to its corporate vision of becoming Nigeria’s foremost financial services group. To achieve this objective, the Bank shows an even stronger allegiance to its corporate mission of facilitating the success of its customers through the provision of world-class, one-stop financial services.
The strong asset of the Bank has continued to make it possible for it to play a major role in the national economy. In order to sustain its competitiveness as a financial conglomerate with global influence, the Bank allocates a significant percentage of its annual profit to the acquisition and adoption of information technology to its operations and the development of its manpower in Nigeria and abroad. Presently, all the over 250 business offices of the Bank are linked on-line- real-time.
Afribank continues to be included in projects of national priority. Beyond partnering with various multilateral agencies on various socio-economic development projects, the Bank is also the leader in public revenue collections in Nigeria.
The Bank is the only financial institution appointed by the Federal Government of Nigeria to co-ordinate the revenue collection and registration of all expatriates working in Nigeria. In the education sector, it pioneered the sale of examination application forms at all levels.
The Research Fellowship instituted in its name in three Nigerian Federal Universities since 1990 attests to the Bank’s strong support for research. It also instituted best students prize in the Banking and Finance Department of 13 Federal Universities in addition to the annual award it instituted for outstanding candidates in the national university matriculation examination co-ordinated by the Joint Admissions and Matriculation Board (JAMB). The Bank’s strong resolve to support the development of all categories of sports in Nigeria also accounts for its annual sponsorship of the prestigious Pro-Am Nicon-Hilton Golf tournament in Abuja and the Afribank Lawn Tennis Classics in Lagos.
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