alfredilly:


This bank use to be a leading first generation bank in the 90s. My uncle M. O. Neri was the assistant general manager until his death in 1997. Only one Aboki man was ahead of him probably due to military hegemony. My uncle was the the real brain driving the corporation. His office was located at 40 Marina in Lagos. The bank has never been the same ever since. They probably failed to compete with the digitized first generation ban

Is Lai Muhammed your uncle

chyzoo4u:
I listened to one Fr. Mbaka message some years ago on how the bank will get problem.

Do anyone remember?

Anyone who understands basic economics and had even a surface idea of how the management were running things could see it coming.


Stop being gullible in the name of prophetic anointing.

So Mr lemo still de?

Na there my money de oooo, I no wan hear stories ooo

iboboyswag:
The third transfer of ownership in 10years. Something really is amiss.

This is by far Nigeria's biggest bank by asset but liquidity issues continues to be their albatross.

In other news, there is a need for the new management as a matter of urgent importance to show leadership in driving innovative solutions that can push sales through the various customer segments with particular emphasis on the youth segment of the market.

This would require a conscious rebranding in its operations, communications and marketing business units, supported by a robust IT infrastructure to handle the demands of today's banking needs.

There is still a viable banking customer base in Nigeria. The unbanked in semi-urban and rural areas and the large cache of disgruntled customers of most of the banks are potent prospects the bank can leverage.

The bank needs to grow and sustain its ability to generate liquidity as no amount of foreign capital inflow would sustain it for long, if it is not carving it's share of the market.

Just my two cents wey no body ask me.

You forgot to talk about the disgruntled staffs and staffs with archaic ideologies.

Kingzy4pep:
You nor see anything bro.. Nor carry lie enter newyear sha

Lmao, make i no talk

99thEnemy:


Anyone who understands basic economics and had even a surface idea of how the management were running things could see it coming.


Stop being gullible in the name of prophetic anointing.

You are correct!

alabi484:


Lmao, make i no talk

Haha... This man

membranus:


Keep it up, you are on right track.

Very soon Stephen Hawking will be envying you from the grave.

Ha ha
You wicked ooo

Hmmm that new bank..

Union bank shame ok you

MRDEE01:
Lizard swallow crocodile.
Soon LAPO will take over CBN in this country

TTB nobi lizard sef. Na Wall gecko dem be. And e be like say na dinosaur dem don swallow laidis

iboboyswag:
The third transfer of ownership in 10years. Something really is amiss.

This is by far Nigeria's biggest bank by asset but liquidity issues continues to be their albatross.

In other news, there is a need for the new management as a matter of urgent importance to show leadership in driving innovative solutions that can push sales through the various customer segments with particular emphasis on the youth segment of the market.

This would require a conscious rebranding in its operations, communications and marketing business units, supported by a robust IT infrastructure to handle the demands of today's banking needs.

There is still a viable banking customer base in Nigeria. The unbanked in semi-urban and rural areas and the large cache of disgruntled customers of most of the banks are potent prospects the bank can leverage.

The bank needs to grow and sustain its ability to generate liquidity as no amount of foreign capital inflow would sustain it for long, if it is not carving it's share of the market.

Just my two cents wey no body ask me.

Nice one, although your analysis is 5 years old. Access Bank is now the biggest bank in terms of asset, followed by Zenith, FBN, UBA & GTB.x Union was probably the biggest in the 80's. also, They already did all those things you said when the Americans took it over. They rebranded the bank, significantly improved their IT infrastructure and employed young but experienced staff. Little wonder why in 2020 they were the 5th highest bank in terms of PBT.What just happened is foreigners leaving the scene for indigenes nothing more or less.

Hmm

iboboyswag:
The third transfer of ownership in 10years. Something really is amiss.

This is by far Nigeria's biggest bank by asset but liquidity issues continues to be their albatross.

In other news, there is a need for the new management as a matter of urgent importance to show leadership in driving innovative solutions that can push sales through the various customer segments with particular emphasis on the youth segment of the market.

This would require a conscious rebranding in its operations, communications and marketing business units, supported by a robust IT infrastructure to handle the demands of today's banking needs.

There is still a viable banking customer base in Nigeria. The unbanked in semi-urban and rural areas and the large cache of disgruntled customers of most of the banks are potent prospects the bank can leverage.

The bank needs to grow and sustain its ability to generate liquidity as no amount of foreign capital inflow would sustain it for long, if it is not carving it's share of the market.

Just my two cents wey no body ask me.

nice write up sir kudos

oluwaahmed:

Nice one, although your analysis is 5 years old. Access Bank is now the biggest bank in terms of asset, followed by Zenith, FBN, UBA & GTB.x Union was probably the biggest in the 80's. also, They already did all those things you said when the Americans took it over. They rebranded the bank, significantly improved their IT infrastructure and employed young but experienced staff. Little wonder why in 2020 they were the 5th highest bank in terms of PBT.What just happened is foreigners leaving the scene for indigenes nothing more or less.

Hmmmm...

Foreigners leaving for locals?? Have Significantly improved infrastructure that still suffers??

Quite telling.

Anyways, while I would agree that an attempt at rebranding was initiated, but as onegig has said, it was mediocre at best.

The bank needs a new vision and good liquidity to carry it through and only that would determine if these new owners won't be searching for new takers in the very close future.

nograv:


Exactly..

Explain how a bank founded in 2018 managed to acquire a 107 year old veteran commercial bank??

Where did it even get the capital from??

I'm surprised nobody asked this question. How did titan trust bank get enough funds to buy out Union bank? Or is the bank already functional in countries outside Nigeria?

Same way one heritage Bank is standing strong. I wonder who banks with them. I only see them in the North, and the few branches I've seen in the south look like microfinance banks

kolexy:


I think Tunde Lemo is just a figure heard Chairman. The real owners of Titan Trust Bank are noy known, at least to the public. But I suspect some folks up north.

False !!
Titan is owned by foreigners.
In a few weeks,their identify will be revealed.
Someone said a lizard swallowed a crocodile, funny but in actual terms it is a case of a living dog being better than a dead lion.
Union and First Bank derailed long ago,but First Bank was able to raise capital just before the collapse of 09.
Union wanted to raise 500 Billion back then,but the issue flopped.If they had raised that money,they would have become No 2, albeit an incompetent sloppy No 1.

Faller:
Any day wey I go break my Kolo, the next day I dey go take over Access Bank,

They want to kill my inner man with unexplained debit...



abeg i no dey try anything,,,, Access Bank is killing my inner man, so you want Zenith to kill my outer man as well......No thank you...At least make one of those men still remain...

Lol I use both but Zenith Bank is a killer, especially for international payment, their charges ehn

adelaja70:
Tunde Lemo... Former CBN big boy.

U sabi book
He was Deputy Governor of CBN for many years

If you're still up, the game is still on in the Games section. Feel free to join here. Lots of prizes already won, and a lot more to be won!!!

https://www.nairaland.com/1789389/comment-without-like-wins-likers/693#108764187

Mood11:
I will not allow Access Bank to kill me with debits, transferring assets to Piggybank soon.

When that piggy go crash eeh

jidamsel43:
Buhari is affecting the major financial institutions too. Please, how many days remain for Buhari to finally leave Abuja?

As in ..if I tell you say a lot of people don't remember that we are going into 2022, most being thinking it's 2023...
Pole can't just wait for this buhari regime to end

chyzoo4u:
I listened to one Fr. Mbaka message some years ago on how the bank will get problem.

Do anyone remember?

They have used your brain chop garri in his business centre.

nograv:


Exactly..

Explain how a bank founded in 2018 managed to acquire a 107 year old veteran commercial bank??

Where did it even get the capital from??

GOOD QUESTION. NEXT THING WE WILL BE HEARING OF ASSET STRIPPING AND MISMANAGEMENT OF CUSTOMERS DEPOSITS.

Joysticks:
Why are the management not prosecuted for corruption in these banks that gives out bad loans?

BECAUSE THOSE WHO GAVE THE LOANS AND THOSE WHO RECEIVE ARE MEMBERS OF THE SAME CLUB.

lookingfly:
Na there my money de oooo, I no wan hear stories ooo

TRANSFER YOUR MONEY TO SOMEWHERE ELSE. WHEN YOU SEE AN UNKNOWN ENTITY TAKING OVER AN ESTABLISHED BRAND YOU EITHER RUN FOR THE GATES OR PREPARE FOR A WILD RIDE.

TGM2015:


SOURCE: https://www.proshareng.com/news/Mergers---Acquisitions/Titan-Trust-Bank-Takes-Over-Union-Bank,-/60587

Am I still in Nigeria? Walahi I never hear the name of this bank before.

Good one, Waiting for First Bank of Nigeria to be Taken too, First Bank has lost his reputation, non challant staffs, negligence, ATMs don't work, the ones that works stops working immediately after staffs closes for the day, First Bank please Globus Bank should make an Offer to Buy them off.

Nukilia:


You forgot to talk about the disgruntled staffs and staffs with archaic ideologies.

Lol

This archaic ideology got me rolling on the floor.I went to one of their branches to reactivate an account I wanted to use for something .After the normal basic reactivation documentation. The customer service lady requested I should make a deposit into the account and give her a physical teller evidence . I could not believe my ears.

I told her that I had done alot of transfers into the account and while sitting in front of her I was still moving money electronically into the account .This lady insisted she wants paper teller evidence .

I just called the driver I came with to go across the road and make a pos deposit into the account and bring a slip since they (Union Bank) accept only drop box deposits and the network for the drop box was also not working that day.

When this incidence played out two weeks ago I knew it was just a matter of time for that bank to go under .

nograv:


Exactly..

Explain how a bank founded in 2018 managed to acquire a 107 year old veteran commercial bank??

Where did it even get the capital from??

My dear it is not about how old Is the bank liquid ?

Union bank totally refused to rebrand and realign.The old and archaic bankers there wont allow things move forward.

Union bank is a bank were you can see a father,son and grandson as staff in the bank.

naijaman2225:

TRANSFER YOUR MONEY TO SOMEWHERE ELSE. WHEN YOU SEE AN UNKNOWN ENTITY TAKING OVER AN ESTABLISHED BRAND YOU EITHER RUN FOR THE GATES OR PREPARE FOR A WILD RIDE.

hmmmmm..... Na true Sha

Ofolete:


They have used your brain chop garri in his business centre.

You're very stupi.d!!!

I'd!0+!

You don't know your mate....