Heritage Bank acquiring Enterprise bank at about N56.1 billion. How did they arrive at that? And Access Bank acquired Intercontinental Bank Group for about N40 billion. Paddy paddy arrangement.

This is an opportunity to bid for a contract to change all the sign posts , Nnah men, opportunities is everywia.

good for everybody

.

vivaciousvivi:


Intercontinental was big on paper bro, they had liabilities and issues with fund misappropriation from here to Mount Zion o.

.


I know that industry well enough dear. They had heavy liabilities but the value of their assets exceeds those of Access. Do you know it was sold for less than half its value at that time?

na front page I dey so
oboy...dis week go good o

Is heritage bank a regional bank cus I hvn't seen one in Benin

wat is the heritage of heritage bank

maybe that is voodoo banking with kangaroo bankers


do they hav branch

iv4fb:
.


I know that industry well enough dear. They had heavy liabilities but the value of their assets exceeds those of Access. Do you know it was sold for less than half its value at that time?

Oh that's good to know.
The value of your assets become semi-worthless when desperation and (CBN breathing down your neck ) enters into the picture. Its a natural phenomenon.

vivaciousvivi:
Wow, Heritage bank is just about a year old no be so?
And this Enterprise bank, were they not the former Skye?
Our banking industry is still definitely in a state of evolution but I guess its for good as better consolidations brings about more stability especially with the continued impact of globalization in the financial services industry.

No, they are not.

Skye Bank is a different organisation on its own, they acquired Mainstreet bank some weeks ago.

Rilwayne001:


No, they are not.

Skye Bank is a different organisation on its own, they acquired Mainstreet bank some weeks ago.

Ah, I see. So who is this Enterprise bank? Former PHB?

vivaciousvivi:


Ah, I see. So who is this Enterprise bank? Former PHB?

Spring Bank.

In Nigeria,small banks swallows bigger ones. Small fish will eat big ones.

dabiko:
Spring Bank.

Oh! I have even forgotten that bank existed

vivaciousvivi:


Oh that's good to know.
The value of your assets become semi-worthless when desperation and (CBN breathing down your neck ) enters into the picture. Its a natural phenomenon.

Not really. There's more to that.

Anyway back to op. Heritage acquires Enterprise, that's a miracle!

let the stealing continue.

vivaciousvivi:
Wow, Heritage bank is just about a year old no be so?
And this Enterprise bank, were they not the former Skye?
Our banking industry is still definitely in a state of evolution but I guess its for good as better consolidations brings about more stability especially with the continued impact of globalization in the financial services industry.

Enterprise Bank was formally, Spring Bank which was formally CitizensBank which, also, was formally FountainTrust Bank....

Ijaya123:
Heritage Bank acquiring Enterprise bank at about N56.1 billion. How did they arrive at that? And Access Bank acquired Intercontinental Bank Group for about N40 billion. Paddy paddy arrangement.

Toh! You sef know say there's more to it than meets the 'ears' as we no 'see'.

vivaciousvivi:


Ah, I see. So who is this Enterprise bank? Former PHB?

No

Enterprise Bank was formerly Spring Bank,

Bank PHB is now Keystone Bank.

Before the acquisition of Mainstreet Bank by Skye Bank Plc, it was formerly Afribank

Here in spain banks don't buy banks

vivaciousvivi:
Wow, Heritage bank is just about a year old no be so?
And this Enterprise bank, were they not the former Skye?
Our banking industry is still definitely in a state of evolution but I guess its for good as better consolidations brings about more stability especially with the continued impact of globalization in the financial services industry.

Enterprise bank is formerly Skye bank? Tosyne2much one of your girls has escaped from romance section to give false information in Business section, Mods plss move her back to romance and sexuality section asap

donmalcolm21:
Enterprise bank is formerly Skye bank? Tosyne2much one of your girls has escaped from romance section to give false information in Business section, Mods plss move her back to romance and sexuality section asap

Hahahahahaha

You ehnnnnnn

Can someone people let me know which of our old banks became Heritage and enterprise banks please.

I feel dumb but honestly want to know. Been wondering about it for weeks now.

tosyne2much:


Hahahahahaha

You ehnnnnnn

please do the needful asap, Vivacious your guy has come to pick you up.

arsetalks:
Can someone people let me know which of our old banks became Heritage and enterprise banks please.

I feel dumb but honestly want to know. Been wondering about it for weeks now.

Heritage bank is former Societe Generale bank while Enterprise bank was former Spring bank.

TheRealMrStan:

http://pulse.ng/news/banking-sector-heritage-bank-to-acquire-enterprise-bank-in-n56bn-deal-id3313056.html

Good but When are you guys recruiting I am ready to Cross to your bank o

arsetalks:
Can someone people let me know which of our old banks became Heritage and enterprise banks please.

I feel dumb but honestly want to know. Been wondering about it for weeks now.

SGBN (Societe Genral Bank Nigeria) metamorphosed into Heritage with new investors IEI and all and the Saraki family still owning a good enough stake. I think Rilwayne001 is right about Enterprise, I think.

PS
Don't meant to be rude but your name...

Shokoloko:
This is good news. Better coverage for heritage bank

Only sensible comment so far

overboard:


SGBN (Societe Genral Bank Nigeria) metamorphosed into Heritage with new investors IGI and all and the Saraki family still owning a good enough stake (I hear). I think Rilwayne001 is right about Enterprise, I think.

PS
Don't meant to be rude but your name...

Thanks.

The name has nothing to do with what you have in mind. It is Arsenal and I own a site arsetalks.com