The countries are
The Group Managing Director,
Presently, the tier-one bank operates in 12 countries.
According to Wigwe, across
He said AfCFTA, among other benefits, will expand intra-
Wigwe said the bank would use its office in
He stated that the plan is for the bank to establish its presence in 22 African countries so as to diversify its earnings and take advantage of growth opportunities in
According to him,
"We believe that we are best positioned to basically do all of that. Our focus is to become an aggregator in
"The approach would always be that in the country we wish to go to, that we have the right skills. We would not just be a drop in the country in which we are present, we would make sure that we have an impactful presence in each of the major countries in which we are present.
"In doing this, we are also mindful of the country we are going to so as to make sure that it is of benefit to the bank. As we do this, we are working with our friends and partners.
"We are diversifying our earnings away from volatile markets as well and we are orchestrating our operations from the global payments gateway and ensuring that using
Commenting further, on AfCFTA, he said the bank would use its digital framework to benefit from the deal.
"Coming to
"So, we are doing everything possible to satisfy our customers and also to ensure that our channels are adequately secured. We are also ensuring that our staff are very efficient," the CEO said.
Wigwe provided insights into the bank's recently approved holding company (holdco) structure.
According to him, the holdco will consist of four subsidiaries:
"The consumer lending business has seen 60 per cent growth in digital lending volume and value. The insurance subsidiary will adopt a dynamic and creative approach to deliver value-added services focused to meet customer insurance needs," he added.
He said
"We have maintained strong capital levels despite investments for growth, accumulating capital over time.
"Despite investment in organic and inorganic growth in the past, the bank has improved its capital ratios, given optimum capital structure (tier 1 and tier 2)," he added.
Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source