Breaking News : Diamond Bank Has Been Sold To Access Bank, Customers Express Concern - Hoodexblog Hoodexblog: Breaking News : Diamond Bank Has Been Sold To Access Bank, Customers Express Concern

Pages

VIDEO OF THE MONTH

Featured Featured
how-to-use-your-android-device-as
How To Use Your Android Device as Keyboard and Mouse
dent-free-data
Sharing of Apk Files on Whatsapp Made Easier
9mobile-special-offer
9mobile Special Data, Get 1GB Data for N200 and 5GB for N1000
mtn-double-data-cheat
New Method To Activate MTN 100% Double Data Bonus Via IMEI Tweaking


Monday, 17 December 2018

Breaking News : Diamond Bank Has Been Sold To Access Bank, Customers Express Concern



According to the Vanguard :


Access Bank Plc has finally acquired Diamond Bank Plc. According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria, CBN, according to TheCable. Another source said confirmed that the deal has been sealed, awaiting final ratification from the regulatory body.

 The acquisition was midwifed by the CBN in a bid to further consolidate the banking industry, sources informed. 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. Dozie had said: “With this approval, the bank will cease to operate as an international bank. “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.” Broadcasting: NTA drops foreign satellites for NiGCOMSAT1R “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.

I wonder what this means for Diamond Bank users, well let's keep our fingers crossed.


Copy the link below and Share with your Friends:

Download Our Official Android App on Google Playstore HERE
OR
Download from another source HERE



No comments:

Post a Comment