October 11, 2007/Punch
The Managing Director/Chief Executive, First Inland Bank Plc, Mr. Okey Nwosu has restated the bankÃƒÆ’Ã†â€™Ãƒâ€ Ã¢â‚¬â„¢ÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã†â€™Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€¦Ã‚Â¡ÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â¬ÃƒÆ’Ã†â€™Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€¦Ã‚Â¾ÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â¢s the bank resolve to access the capital market for fresh funds in order to take its pride of place in the industry.
Speaking at a media briefing in
The bank, according to him, is raising N100bn in form of debt and equity, a development, he said, will make First Inland Bank competitive in the face of the emerging challenges in the international banking climate.
Explaining the choice of debt and equity, Nwosu said that debt, as a choice of raising funds, give investors the opportunity of making a quick returns. He said that time had come for banks to consider the interest of foreign investors who are daily streaming to
ÃƒÆ’Ã†â€™Ãƒâ€ Ã¢â‚¬â„¢ÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã†â€™Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€¦Ã‚Â¡ÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â¬ÃƒÆ’Ã†â€™ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â¦ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€¦Ã¢â‚¬Å“According to him, most of the foreign investors that came to
The bank boss said that in spite of the rising fortunes of the Nigerian Banks, there are still some opportunities which were yet to be tapped by the banks.
He said that plans are afoot to take First Inland bank to other countries in the sub-sahara
He disclosed that First Inland Bank has already signed a contract with a South African firm on the rebranding of the bank.
Nwosu stated that although the number of banks branches have risen considerably in the recent time, a large number of Nigerians still do not have access to bank branches especially, in the rural areas.