Heritage Bank Plans Listing In Capital Market; Pledges More Innovations

Heritage Bank is planning to list its shares on the Nigerian Stock Exchange in the next two years.

The bank's Executive Director, Ivory Banking, Mrs. Mary Akpobome disclosed this in Lagos at the grand finale of the 2014 edition of Ikoyi club's annual tennis grand slam competition sponsored by the bank.

According to her, the bank is planning to list its shares on the stock exchange as soon as it becomes a national bank.

She said, “For now, we are a regional bank. But, in the next two years, judging from the advances we are currently making and the solid plans we have put in place, we should be listed on the stock exchange.”

Assessing the bank's performance in its almost one year of operation, she said, “The market has received us much better than we expected, considering the time we came into the market. But I guess it is not surprising because of the quality of people we have and the level of their experience. I can proudly say that we have done extremely well since we came on board”.

Akpobome, who said that the bank currently has over 11,000 customers, lauded the immense public goodwill the bank has enjoyed since its market entrance in 2013.

According to her, “We are happy that our projections as a new entity have been met. We planned to attain certain goals in five years, but already, we have achieved them in less than the first year of our existence. That speaks a lot about the passion of people the bank was able to put in place”.

She pledged the bank's continued commitment to customer-centric innovations. “Ours is a bank that is truly set up to understand the customers. So, the driving force behind our business is commitment to excellent service delivery. Today, we are the only bank that has absolute zero Cost of Transfer (COT). We don't charge COT on any of our product whether you are borrowing from us or keeping money with us. Going forward, we are absolutely committed to pioneering other innovations in the areas of service delivery and consumer delight”, she added.