Fitch Affirms FBN Holdings Plc at ‘B-‘; off RWN; Outlook Negative

Fitch Affirms FBN Holdings Plc at 'B-'; off RWN; Outlook Negative

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of FBN Holdings Plc (FBNH) and its primary operating subsidiary, First Bank of Nigeria Ltd (FBN), at ‘B-‘, and removed them from Rating Watch Negative (RWN). The Outlooks are Negative. The removal of the RWN from FBNH’s and FBN’s Long-Term IDRs, Viability Ratings (VRs) and National Ratings reflects Fitch’s view of receding near-term risks to the bank’s credit fundamentals from the economic fallout arising from the oil price crash and coronavirus pandemic. In our opinion the impact of the economic downturn on FBNH’s and…

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FBN Holdings bags World Finance corporate governance award

FBN Holdings, First Bank, World Finance, Awards

Nigeria’s oldest financial services group and holding company, FBN Holdings Plc, has won the 2020 best corporate governance in Nigeria award by the World Finance. World Finance is renowned for its comprehensive coverage and analysis of the global financial services industry, international business, and the global economy. FBN Holdings Plc is winning this award for the second consecutive year on the strength of its corporate governance practices and outstanding leadership in the Nigerian financial services industry. Commenting on the award on behalf of FBN Holdings, U. K Eke, its Group…

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