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Trade Bank to expand branch network to Ekiti
TRADE Bank is to increase the numbers of its branches nationwide with the proposed establishment of a branch in Ekiti State.
Salman said though the new branch may not bear the name Trade Bank, it will surely come to realisation as a branch of Afribank Group Plc, the new name of the two banks after the consolidation of their merger plan.
Speaking on the merger plans, Salman said the interest of its shareholders are being protected in the merger plan with Afribank, pointing out that after the consolidation, the new bank would be among the first four mega banks in the country.
He maintained that it was in pursuit of the best bargain for the bank's shareholders and customers that Trade Bank signed a Memorandum of Understanding (MoU) with Afribank Nigeria Plc.
"This merger arrangement with one of the biggest four banks in Nigeria will not only ensure the safety of your investments but also ensure that you become stakeholders in a thriving and successful mega bank in the post merger era", he said.
He added that, "our resourceful and competent management led by Mr. Tunji Adeniyi will manage your investments efficiently and professionally".
The chairman also hinted that Trade Bank has broadened its business spectrum with it foray into oil and gas, maritime, telecommunications, property and manufacturing, pointing out that investors who bought the shares offered by the bank are provided the opportunity for a cheap and effective means of buying into one of the largest banks in the country.
He listed the benefits to be reaped from the purchase of the bank's shares to include capital appreciation, bonus issues good, dividend payout, security of fund and preferential share allotment.
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