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FinBank
We offer a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels, specialized subsidiaries and affiliates in the areas of Investment Banking, Retail Banking and Private Banking. We provide services covering financial institutions, sovereign and multinational organizations by originating, selling, structuring debt instruments, foreign exchange and money market products.
FinBank’s Consumer Banking offers a suite of products through various channels including ATMs, Doorstep Banking, Internet and Mobile Banking. We are an IT-driven bank with robust and innovative product offerings in e-banking. Our Private Banking services are a comprehensive range of high quality portfolio advisory services along with a comprehensive transaction execution platform, complemented by personalized banking and custodial services.
At FinBank Plc, we are guided by strong corporate governance principles. This is driven by the Bank’s internal code of corporate governance as well as the Code of Corporate Governance for Nigerian Banks. Being a public company with its shares listed on the Nigerian Stock Exchange, the bank is subject to the relevant Nigeria Capital Market regulations.
As a modern universal bank, FinBank PLC offers to its customers a broad range of first class banking products and services. We are dedicated to excellence and constantly change the status quo to ensure we deliver superior solutions thereby creating sustainable value for all our stakeholders.
Our Products – Core Banking
Current Account
FinBank’s current account forms the bedrock of our banking service delivery. Some of the benefits of the bank’s current account product include a convenient checking facility that can be operated through all branches of the bank and access to ATM facilities located across the country.
Savings and Investment
At FinBank, we ensure that surplus idle funds are managed and invested in a variety of short-term money market securities and other deposit instruments pending utilization. The Bank’s services in this regard are designed to meet areas of Yield, Safety, Liquidity, Flexibility, Ease of Administration and Timeliness.
Our Products – Treasury
Call Account
The Bank offers a variety of call accounts to suit customers’ demands. These include Strict Call, 7-days notice etc. The call accounts can be used in conjunction with the current accounts to earn higher rates on idle funds. These funds can also be moved to cover incoming cheques on customers’ current account.
Money Market Instruments
Under this service, funds are invested in a variety of high quality short-term money market instruments with tenors of up to 90 days. These instruments include:
Clean Commercial Notes of Blue Chip Corporations
We arrange customer’s investment in the commercial papers of blue-chip companies arranged by FinBank. The investment will be Investment Grade names and offer a lucrative investment outlet for customer’s funds.
Guaranteed Commercial Papers
FinBank will guarantee the investment in the commercial notes, which will typically be for middle market names if our customers prefer this option.
Bankers Acceptance
This instrument is issued by a commercial entity and accepted by FinBank. It offers our customers the opportunity of investing in high yield instruments.
Tenored Deposits
Deposits of 30, 60 or 90 days tenor can also be placed with FinBank. The yield on such investments is market determined and affords our customers liquidity management and high yield on investments.
Electronic Banking
Flash Me Cash
Internet Banking
Mobile Banking
PC Banking
ATM Banking
Loans & Advances, Bonds & Guarantees
The Bank offers credit and related facilities to support customers’ business.
Bonds & Guarantees
Working Capital Finance & Long Term Financing
Trade Finance
Import/ Export, Letters of Credit, Bills for Collection
Private Banking
Private Banking division pursues an integrated business model to cater for high net worth clients, their facilities and selected institutions. It provides a comprehensive offering of financial solutions including estate planning and advising on foundations and philanthropic activities.
Investment Banking
Our Investment Banking group has a strong heritage in wholesale banking, coupled with strategic alliance with local and offshore financial institutions. Peculiar services developed for different clients take many forms, but the bank always strives to customize its offerings within the framework of building long-term relationships and ensuring consistent growth, security and enhancement of wealth.
Our experience span all major industry segments, such as Oil and Gas, Financial Services, Technology, Real Estate, Manufacturing, Healthcare, Power, Telecommunications, Auto and Transportation, Services and a host of others.
Our Business and Financial Advisory Services Group offers a wide range of services, including:
– Privatization advisory services
– Mergers and Acquisitions
– Corporate valuation
– Recapitalization
– Review of strategic alternatives
– Strategic partnership and joint venture agreements
Our Corporate Finance Group’s focus covers the following areas:
– Equity and equity-linked origination and execution
– Funds Management
– Project Finance and Management
– Small and Medium Scale Industries Finance
Structured Finance
At FinBank, we have developed a wide range of appropriate financial solutions to meet our customers’ sophisticated requirements in structured finance.
These solutions include:
– Appropriate financing for our clients’ wholesale trade requirements
– Requisite import finance structured to meet our
customers’ USD financing needs at competitive rates
– Letter of credit confirmation facilities
– Invoice discounting and receivables financing
– Project financing
– Offshore bonds and guarantees
Corporate Banking
FinBank has competence and expertise in the delivery of customized and unique solutions tailored to address our corporate customers’ distinctive needs. We enhance our customers’ business, leveraging on industry links and a thorough understanding of our operating environment.
Our dedicated professionals have deep understanding, based on skill and years of experience of the industries in which our clients operate.
Our corporate banking business units are:
– Multinationals/Conglomerates
– Oil and Gas
– Construction, Power and Real Estate
– Information Technology and Telecommunications
Our Technology
Information Technology remains the platform of FinBank’s service delivery. The Bank’s strategy involves the continued use of technology to reshape banking service delivery in Nigeria in order to ensure convenience, efficiency, cost reduction, value and innovation. The Bank continues to exploit new technologies to package and deliver innovative products and services.
Finacle is a centralized and integrated corporate, retail and trade finance solution, designed to extend the bank’s reach to the entire enterprise in a seamless manner from the front office to the back office. The solution is multi-currency, multi-lingual, multi-platform and workflow Internet enabled.
