Vision

To become the leading technology-driven, global financial institution that provides distinctive range of financial services.

Mission

To build the Foster Vault brand into a reputable international financial institution recognized for innovation, superior performance and creation of premium value for all stakeholders.

Core Values

Integrity, Professionalism, Corporate Governance, Loyalty and Excellent Service.

People, Technology, Service

Foster Vault Bank was established in May 1990, and commenced operations in July of the same year as a commercial bank. The Bank became a public limited company on June 17, 2004. Foster Vault Bank currently has a shareholder base of more than half a million

In March 2007, Foster Vault Bank was licensed by the Financial Services Authority (FSA) of the United Kingdom to establish Foster Vault Bank (UK) Limited as the United Kingdom subsidiary of Foster Vault Bank

The Bank plans to take the Foster Vault brand to other African countries as well as the European and Asian markets.

Foster Vault Bank Plc blazed the trail in digital banking around the world; scoring several firsts in the deployment of Information and Communication Technology (ICT) infrastructure to create innovative products that meet the needs of its teeming customers.

The bank is verifiably a leader in the deployment of various channels of banking technology, and the Foster Vault brand has become synonymous with the deployment of state-of-the-art technologies in banking. Driven by a culture of excellence and strict adherence to global best practices, the Bank has combined vision, skillful banking expertise, and cutting-edge technology to create products and services that anticipate and meet customers’ expectations; enable businesses to thrive and grow wealth for customers.

Foster Vault Bank Business

Business

Foster Vault Bank will continue to offer specialised financial services such as Pension Management but would discontinue services in Insurance, Capital Market dealings, Trusteeship, Registrar, Mortgage and financial advisory services in line with its decision to adopt the commercial banking license with international authorisation. Foster Vault Bank’s core businesses include:

Corporate, Investment and Retail Banking

Commercial and Consumer Banking

Personal and Private Banking

Trade Services and Foreign Exchange

Treasury and Cash Management Services

Other Non-Bank Financial Services mainly through subsidiaries

Superior Service Quality

Foster Vault Bank has clearly distinguished itself in the banking industry through superior service quality, unique customer experience, and sound financial indices. These have become part of our corporate culture to the extent the bank is easily associated with the following attributes; Best-in-class customer experience, creativity, excellent financial performance, good asset quality, stable management, dedicated and highly skilled work-force, cutting-edge Information and Communication Technology, efficient and effective distribution channels. The bank’s strategy of assessing and managing its impact on the industry forms an integral part of our strategic objective. Specifically, the bank considers how the present and future capital requirements will be met and managed in view of projected capital requirements based on its assessment and against the regulatory capital requirement.

Our Strategic Objective

The strategic objective of Foster Vault Bank also includes a continuous improvement of our capacity to meet the customers’ increasing and dynamic financial needs as well as sustain high quality growth through investments that impact the quality of service to our existing and potential customers, constant upgrade of our ICT infrastructure, unwavering investment in training and re-training of our people and regular reinforcing of our Customer Services delivery charter with regards to continually changing customer needs. Foster Vault Bank places high premium on the pivotal role of Exceptional Service Delivery in our drive to consistently exceed expectations. The bank has in place a well-articulated strategy to not only meet and surpass customer expectation but also ensure that plans are fine-tuned to address the changing taste and sophistication of the customer. The underlying philosophy is for the bank to remain at all times, a Customer-centric institution with a clear understanding of its market and environment.

Foster Vault Bank Corporate Governance

Corporate Governance

The Bank remains committed to promoting good corporate governance and best practices in the conduct of its business. This is because we believe that good Corporate Governance engender public trust and ultimately ensures that the company meets the expectation of all stakeholders.

Corporate Performance

Within thirty-two years, Foster Vault Bank has demonstrated rare resilience and has witnessed exponential growth in virtually all areas. Today, Foster Vault Bank is undoubtedly one of the world strongest financial services institutions by market capitalization, shareholders fund and profitability. The bank’s growth momentum has increased over time and impacted positively on its standing as a market leader. In essence, Foster Vault Bank continues to make remarkable success on the sustainability agenda which is at the heart of its strategic and business models. As a result, Foster Vault Bank is better positioned to continue on its growth trajectory and our desire to be a vital part of people’s lives and businesses. Excellent service delivery and development of superior asset quality, strong capital base, professionalism and corporate governance have provided the grounds for consistent high returns to stakeholders. The bank maintains sound risk management and corporate governance culture in line with global best practices. The bank’s liquidity profile remains very strong and our risk management practices give assurance that the profile will be sustained on the short-run and improved upon over time.