Just got reliable info that EcoBank Nig and Unity Bank are set gto sign and MOU for a merger today. Just thinking that they should have just taken over the bank imean unity Bank. Thank i dont think is even online, they still operate manually in 2007, Unbelievable.
I understand it is a combination of about 9 banks including NNB, Bank of the North and a few others.
Ecobank is going to invest a lot of money tushing up all the branches to the present day standard. The advantage is that they have a lot of branches all over Nigeria so making the reach good. If i am right i think they have the 4th or 5th largest branch network in the country.
For the share price of Eco bank i think it is heading upwards despite their 9kobo dividend for the year ended Dec, 2006.
Considering whether i should invest in that,