Facebook

Wednesday, 28 November 2012 00:00
171 Hits

Standard Chartered Bank boosts growth in Nigeria with new branch in Lagos

As part of effort at boosting its growth in the Nigeria banking industry, Standard Chartered Bank Nigeria has officially opened its new branch located in Apapa, Lagos.

 The opening of the branch is as a result of the Bank’s strong business growth in Nigeria and its strategic expansion drive in the country.

According to the bank, Lagos presents tremendous opportunities to its operations in a country which is central to its business footprint in Africa, as it stated that the strength of the Nigerian market has been reflected in our it’s business growth which has been exponential.

The branch was declared open by the Bank’s Regional Head for Consumer Banking in the Middle East, Pakistan and Africa, Raheel Ahmed.

According to Raheel, “Lagos is an extremely important State in Nigeria. It has always played a pivotal role in the development of the country and whatever happens in Lagos usually gets replicated positively in other parts of the nation.

The opening of this branch by Standard Chartered Bank, Nigeria is a positive development for Lagos State’s well established financial services sector and a testament to the importance of the Apapa axis within the state.

Having another branch here will enable the bank to enhance its capabilities and commitment to the area. I am quite proud of the achievements of Standard Chartered Bank in Nigeria and I hope this will aid the sustenance of the long and mutually beneficial partnership between Standard Chartered Bank and the industrious people of Lagos State. ”
Bola Adesola, the Managing Director of Standard Chartered Bank, Nigeria said: “We are quite pleased with the generous support we have received from the Government and people of Nigeria since we commenced business here in 1999. This has been quite encouraging and we fully intend to keep up our side of the bargain by consistently delivering on our brand promise to our customers.

We believe this is an auspicious period to capitalize on the extraordinary growth dynamics in the country and the establishment of another branch in Apapa is a key element in executing the bank’s strategy to grow the business and outperform our competitors.

We appreciate the continuous support we have been given by the people of Lagos and we look forward to the growth of our business across all indices in the state.

The bank is adjudged a leading international banking group, with its operations spaning over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its profits in Asia, Africa and the Middle East.