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   Market Date: 28-01-2015   
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Spring Bank's executive directors assume duties, as bank records growth

Category: General

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Spring Bank's executive directors assume duties, as bank records growth


Two of the three Executive Directors appointed by the Central Bank of Nigeria (CBN) for Spring Bank have assumed duty. They are Dr. Kabir Ahmed, executive director, Business Development and Mr. Gbenga E. Fakile executive director, Risk Management



The directors who have since settled down for work have a rich background of banking experience, which saw them climb to the pinnacle of their different careers before their appointment.  While Ahmed has over 30 years working experience in the academia and banking. Gbenga Fakile has over 27 years experience.



The resumption of the executive directors came at the time the bank announced that it had already recorded significant growth in its income stream. It would be recalled that the bank's Chief Executive, Mrs. Sola Ayodele recently highlighted the gains so far recorded by her team since assumption of office, and revealed that the bank had recorded an increase in income to the tune of over 65 per cent.



She also stated that deposit liability had recorded a steady growth during the period as a result of a guided deposit drive approach, using the bank's strong retail platform while reducing the cost of funds. Ayodele said that the emerging positive development was the outcome of the newly infused spirit of operational efficiency, which had helped immensely to stabilise the bank and set it on the path of profitability.



According to her, the new strategic direction, which was introduced upon her assumption of office three months ago, focused on effective liquidity management, loan recovery, operational efficiency, corporate governance and recapitalisation.



Ahmed, the bank's new executive director in business development's sojourn in banking started with the United Bank of Africa Plc (UBA) in 1996 as head, Human Resources Department. His versatility and professionalism was demonstrated while with the bank considering the several key positions he held which included - head of Programme Design and Development in Manpower Planning and Training Department (1997), relationship manager, Public Sector Group (1999), group head of Public Sector Northwest, Kaduna (2000), head, Corporate Affairs Division, Lagos (2001), head, Federal Agencies and Commissions (2002), head, Federal Ministries (2003), head, Public Sector and Regional Director (2004), head, Federal Parastatals and Public Companies (2005), head, Public Sector (2006).



In July 2006, Dr. Ahmed joined Ecobank Nigeria Plc as the head, Public Sector. He was appointed the regional head, overseeing branches in the seven Northwestern states in 2008, a position he held until he joined Spring Bank. He is a graduate of ABU, Zaria with a Bachelor of Arts Degree in English in 1978. He holds an M.A. Degree in Modern African Literature from the University of Sheffield and a Doctorate Degree in English from the University of Kent, Canterbury (1989).



Fakile, executive director, risk management on the other hand is a professional with vast experience in the areas of Retail Banking, Credit and Marketing, Public Sector Marketing, Banking Operations, Treasury and Foreign Operations. His career started with the Central Bank of Nigeria (CBN) in 1983 where he functioned in the Foreign Operations and Banking Supervision Department until he moved to Pinacle Commercial Bank Limited in 1991 as manager/head, Strategic Planning and Control.



In 1996 he joined Equatorial Trust Bank (ETB) Limited where he rose to the position of head, Banking Operations Group. In 1997 he was appointed the Commissioner for Finance in Ekiti State, a position he held for two years before moving back to ETB as an assistant general manager in 1999. He was also a member of the executive management of Treasuremix and Capital as an executive director from 2007 till his appointment in Spring Bank Plc.



He is an Alumnus of the University of Lagos (UNILAG), Yaba, where he obtained a B.Sc. and M.Sc. in Economics. He has attended many local and international courses



(Source: Guardian)

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