Diamond Bank has decided it would sell West African banking operations in the following countries, Benin, Togo, Cote d’Ivoire and Senegal in order to [url]focus on the Nigerian[/url] retail banking opportunity.
The bank said that the company banking operations in the four West African countries would be sold to Manzi Finances S.A, a Cote d’Ivoire financial services holding company. also the bank mentioned in a statement, said that regulatory approvals for the transactions had been obtained in all jurisdictions anticipated to close before Dec. 31, 2017 by focusing its resources exclusively on Nigeria, Diamond Bank is poised to capitalize on the positive macro fundamentals inherent in the Nigerian market.

See reasons for the sales