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Heritage Bank reiterates pursuit of SIB status

By Editor
02 November 2016   |   12:50 am
Despite operating in the period of heightened macro-economic challenges, Heritage Bank Plc has said it is upbeat about sustainable growth and attainment of Systematically Important Bank (SIB) status in the country.
Akinsola Akinfemiwa

Akinsola Akinfemiwa

Despite operating in the period of heightened macro-economic challenges, Heritage Bank Plc has said it is upbeat about sustainable growth and attainment of Systematically Important Bank (SIB) status in the country.
 
The Chairman of the bank, Akinsola Akinfemiwa, who gave the indication at the bank’s investor forum in Lagos, noted that the bank’s emergence remains the underlying essence of its next growth phase strategy.
 
Represented by one of the bank’s directors, Adetola Atekoja, he assured that the foundation element of the lender’s strategy- People, Partnership and Process will be recalibrated to match the rapidly changing needs of our customers, especially with the deployment of a full steam retail banking franchise.

 
Akinfemiwa affirmed that the bank is on a growth track notwithstanding the headwinds facing the domestic economy.“We remain very optimistic that the Heritage Brand will continue to surf over the current economic tide through our collective efforts to remain an enduring institution,” he said.
 
The bank chief expressed confidence over growth sustenance with appealing offerings to key client segments, especially in the retail space, an important and growing market.

He also said there would be continued focus on underpenetrated banking segments and building loyalty among the existing customer base.He informed the forum that the business combination with Enterprise Bank Limited in September 2015 was a commendable success, adding that this was reflective of the commitment of the staff, support of their customers and the degree of investors’ confidence in the bank.
 
According to him, over the last three years, the bank has committed efforts and resources to the building of an enduring and resilient banking franchise, innovative banking solutions despite the challenges in the macroeconomic space.