Babajide Okeowo
The Managing Director/Chief Executive Officer of Heritage Bank, MrIfie Sekibo, has disclosed that the bank is anticipating fresh capital injection from investors. This is even as he revealed that the bank will soon be listed on the Nigerian Stock Exchange (NSE).
This, according to him, would boost the bank’s capital and support its drive to intervene in the real sector of the economy.
Sekibo, however, declined to disclose the identity of the investors as well as when the funds would get to the financial institution.
The Heritage Bank boss made revelation while speaking in an interview on the sidelines at the Vanguard Economic Summit,organised by The Vanguard Newspapers in Lagos.
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Responding to a question on when the bank would be listed on the stock exchange, Sekibo said: “I want to predict a good prediction. For that matter, it would not be this year. But it would definitely be listed on the stock exchange especially because we are expecting new investors and one of their core expectations is that we would list within the nearest future, so we would list on the NSE.
Speaking on the recent merger and acquisition between two banks in the country recently, Sekibo said this was a good development. “There may be mergers and acquisitions happening and I’m happy to see them. Yes, investors are coming in and they are happy with our returns and we are one of the companies that have returned good results in the financial institution space. So investors are always happy with the type of returns we make,” he added
