Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,151,635 members, 7,813,098 topics. Date: Tuesday, 30 April 2024 at 06:58 AM |
Nairaland Forum / Nairaland / General / Business / JUST IN: Access Bank Acquires Diamond Bank (627 Views)
Access Bank Acquires Grobank, South African Bank / Access Bank Acquires Zambia's Cavmont Bank / Access Bank Acquires Diamond Bank (2) (3) (4)
JUST IN: Access Bank Acquires Diamond Bank by thegeniusmedia: 9:52pm On Dec 16, 2018 |
According to Thecable, Access Bank has acquired Diamond Bank. The News Platform said the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria (CBN). The acquisition was midwifed by the CBN in a bid to further consolidate the banking industry, sources informed TheCable. Last week, Diamond Bank announced its decision to drop its international operating licence to focus on national operations following capitalisation issues. Uzoma Dozie, the bank’s chief executive officer, confirmed the development in a statement released on Friday. “With this approval, the bank will cease to operate as an international bank,” Dozie had said. “The re-licensing as a national bank supports Diamond Bank’s objective of streamlining its operations to focus resources on the significant opportunities in the Nigerian retail banking market, and the economy as a whole. “The move follows Diamond Bank’s decision to sell its international operations, which included the disposal of its West African Subsidiary in 2017 and Diamond Bank UK, the sale of which is currently in its final stages. “The change to national bank status also enables the bank to maintain a lower minimum capital requirement of 10 per cent, as against 15 per cent required for international banks.” The bank recorded its worst month on record in November with share plunging to 0.61k per unit on November 30, 2018.......https://www.thegeniusmedia.com.ng/2018/12/16/just-access-bank-acquires-diamond-bank/
|
Re: JUST IN: Access Bank Acquires Diamond Bank by centoke30(m): 9:56pm On Dec 16, 2018 |
Na to comot my money from Diamond bank o. Cause all I see here is grammar |
Re: JUST IN: Access Bank Acquires Diamond Bank by Ufedolove: 9:57pm On Dec 16, 2018 |
And the new name is DiaAss 1 Like |
Re: JUST IN: Access Bank Acquires Diamond Bank by Ifeconwaba(m): 10:03pm On Dec 16, 2018 |
chaii I pity their workers |
Re: JUST IN: Access Bank Acquires Diamond Bank by scarpa: 10:09pm On Dec 16, 2018 |
After disposing their international outlets and securing CBN approval for a national bank This sounds fake!!! |
Re: JUST IN: Access Bank Acquires Diamond Bank by EbukaHades10(m): 10:29pm On Dec 16, 2018 |
Wetin go con do Bovi?
|
Re: JUST IN: Access Bank Acquires Diamond Bank by amjustme2: 10:37pm On Dec 16, 2018 |
Why is no one buying Ecobank? |
Re: JUST IN: Access Bank Acquires Diamond Bank by onlinetomola(m): 10:57pm On Dec 16, 2018 |
EbukaHades10: dem go turn am to Teller |
Re: JUST IN: Access Bank Acquires Diamond Bank by polimaf(m): 9:58am On Dec 17, 2018 |
amjustme2:No one has figured out ways to make that bank work lol... |
(1) (Reply)
I Buy Gift Cards Any Type At Really Good Rates / I Made ₦33,000 Last Week For Sharing This Meme On Yamorn / Enjoy Maximum Customer Satisfaction At ELCHI Data Services Today.
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 12 |