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CBN, Court Approve Heritage, Enterprise Banks Merger by lorbah001(m): 5:25pm On Aug 26, 2015 |
The Central Bank of Nigeria (CBN) has granted
final approval for the merger of Heritage Bank
and Enterprise Bank.
Furthermore, the Federal High Court has
sanctioned the scheme of merger and ordered
the merger of both institutions.
“The Management of the Central Bank of Nigeria
(CBN) has approved the grant of Final Merger
Approval to Heritage Banking Company
Limited and Enterprise Bank Limited and the
licence of HERITAGE BANK LIMITED (the
successor), the CBN said in a letter to Heritage
Bank.
Managing Director/Chief Executive, Heritage
Bank, Mr. Ifie Sekibo, “We’re pleased with the
final approval of the merger of the two
institutions. The stage is now set for us to
achieve the vision of a bigger and better Bank
that offers world class banking services designed
to help customers to create, preserve and
transfer wealth”.
Sekibo added that “With this acquisition, the new
Heritage Bank is better positioned to offer
unparalleled banking services which spread
across over 200 branches, 177 ATMs, 57 Cash
Centres and 2000 POS Terminals in 26 states. We
shall harness the better of the two worlds
combined in terms of our innovative products,
bespoke technology and extended branch
network manned by a team of tenacious people;
as this automatically transforms our bank from a
tier-2 player to a strong tier-1 player that is ONE!
BIGGER! BETTER!,”.
“As we integrate into a larger bank, we assure
our esteemed customers that this strategic stride
is ultimately to serve them better. We affirm our
commitment to all stakeholders that we will
continue to deliver on our promise of creating
and preserving wealth across generations
through highly personalised service.”
Heritage Bank had, on October 15, 2014, made
history with the successful completion of the
acquisition of Enterprise Bank, after investing
about N56 billion in the deal. A federal high court
sitting in Lagos on July 27th 2015 ordered an
Extra-ordinary General Meeting of all the parties
to the deal. This was held on Wednesday, August
12th August, 2015, where the shareholders of the
merging banks sealed the deal.
As a brand built on a legacy of innovation,
Heritage Bank recently achieved a milestone with
the ISO/IEC 27001:2013 certification award in
recognition of its commitment to effective and
secured financial system. The bank has also set a
record as the only bank in Nigeria to get this
certification award in less than three years of
operation. It has, by this certification, joined the
league of big players already certified in the
industry, including the CBN.
“The legacy of innovation was reinforced when
the bank received the Payment Card Industry
Data Security Standard, PCI DSS certification, in
addition to the ISO/IEC 27001:2013 award. The
PCI DSS is a proprietary information security
standard for organizations that handle branded
credit cards from the major card schemes
including Visa, MasterCard, American Express,
Discover, and JCB.
The certification was in recognition of the bank’s
commitment to effective and secured financial
system which has put the bank in the league of
big players in the industry and confer
internationally-recognised standard on its
operations. |
Re: CBN, Court Approve Heritage, Enterprise Banks Merger by Unsad(m): 5:25pm On Aug 26, 2015 |
Nice |
Re: CBN, Court Approve Heritage, Enterprise Banks Merger by kossyablaze(m): 5:26pm On Aug 26, 2015 |
Cool 3 Likes 2 Shares |
Re: CBN, Court Approve Heritage, Enterprise Banks Merger by shaiba(f): 5:37pm On Aug 26, 2015 |
Finally |
(1) (Reply)
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