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Heritage Bank now in 34 states, pursues listing on the exchange

By Chijioke Nelson
15 June 2016   |   5:39 am
From a lowly eight branches and 13 pre-integration with the acquired institution, to 165 now alongside its technology-driven Automated Banking Centres, Heritage Bank Limited...
 Ifie Sekibo

Ifie Sekibo

From a lowly eight branches and 13 pre-integration with the acquired institution, to 165 now alongside its technology-driven Automated Banking Centres, Heritage Bank Limited has established visibility in 34 states of the federation in about three years of operations.

Besides, the lender said it is pursuing listing on the Stock Exchange in the next three years, even as it emerged the fastest growing bank in the country, according to a study and survey commissioned by Nigerian Pilot.

The Managing Director and Chief Executive Officer of Heritage Bank, Ifie Sekibo, said with its recently acquired Public Limited Liability Company status, the growth of the financial institution is now in top gear, as it also targets the Systematically Important Bank status in the next five years.

Sekibo, who was represented by the Executive Director, Services, Niyi Adeseun, said the award is an affirmation of the bank’s commitment to unique, technology-driven business model and focus on customer service.

According to him, the spread of the bank’s corporate appearance was the determination to make the difference in banking industry, while thanking Nigerian Pilot for the efforts and recognition.

The Publisher of the of the paper, Dennis Sami, while presenting the award to the bank, said the study found that the growth of the bank in just three years of operations was outstanding, including its acquisition of the Enterprise Bank.

He also noted that the survey respondents, made up of finance journalists, affirmed the findings of the study, noting that despite the economic and policy challenges, the financial institution was growing.

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