Skye Bank Plc is planning to raise additional tier one capital of N30 billion during the third quarter of 2015 to bolster its capacity to explore business and maintain an efficient capital adequacy ratio.
Timothy Oguntayo, group managing director/chief executive officer of the bank, stated this on Wednesday at a breakfast meeting with stockbrokers in Lagos.
Oguntayo said Skye Bank would intensify its customer acquisition drive across retail segments as well as optimize deposit mix through mobilization of low cost funding to bring down its cost of doing business.
Speaking on the business focus of the bank, the bank CEO said retail banking, with particular emphasis on individuals and small and medium enterprises (SMEs) will be accorded top priority.
He said the bank had gone into strategic partnership with the International Finance Corporation to strengthen its retail banking capacity and framework to underscore the importance attached to the new business focus.
The Skye Bank boss also spoke of plans to ensure that the bank’s customers imbibe the electronic banking culture to enjoy a pleasant banking experience at all times and across all channels.
On the acquisition of Mainstreet Bank Limited, Oguntayo said the acquisition makes Skye Bank Nigeria’s 4th largest bank by branch network, with the total branch network standing at 469 and 887 automated teller machines (ATMs).
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