Proshare Logo
   Market Date: 27-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business


Category: Products & Services

  Read (3357)


The Group Managing Director/CEO of Afribank Nigeria Plc, Mr. Sebastian Adigwe, has attributed the success of Afribank post-consolidation to the deployment of effective operational and marketing strategies.

Mr. Adigwe told Executive Members of the Banks Directors Association of Nigeria (BDAN) who were on courtesy visit to the Management of the Bank that shortly after the Bank’s first recapitalization in 2004, the Board and senior Management of the Bank crafted a broad five-year development strategy to re-launch the Bank into the mainstream of the banking business. The thrust of the strategy is intended to maximize the new huge resources at the disposal of the Bank.

Mr. Adigwe explained that the Bank has continued to draw from the master plan which has enabled it to engage in business paradigm shift and the overhauling of its marketing plan and profits engines.

“The strategy has enabled us to be more market focused, initiate appropriate measures, form build strategic partnership, re-engineer operations, leverage on IT capabilities, build human capacity, rejuvenate the work force and widen the scope of product offerings”, Mr. Adigwe stressed.

Few years into the implementation of the strategy, Afribank has been re-launched into the market and it regularly manifests strong prospects in terms of performance indices.   

“Our success template is that we have changed the way we do business. Our service delivery model, risk management, business focus and market expansion are benchmarked with international standards”, Mr. Adigwe noted.

The Group Managing Director said that the Bank has continued to break new grounds and consolidate on its past successes by continually widening the scope of its businesses, customers and market reach. This has resulted in the expansion of the Bank’s subsidiaries to 9 and branches to over 300 presently.

He stated further that the Bank is presently well positioned and equipped to carry on business at home and abroad with the best of resources, mind set and approach.

Mrs. Morenikeji Onasanya, the President of BDAN, noted that the fundamentals and the results Afribank is posting for the past few years have confirmed its current rating as a top flying institution.

She expressed that BDAN is happy with the current management and future outlook of the Bank stating that Afribank Directors are making the Association proud.

Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Products & Services

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014