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Heritage Bank PLC has restructured its operations in a bid to enhance greater efficiency and resource optimization in line with its growth and industry innovative agenda designed to strengthen its business across all markets where it operates.
According to a statement from the bank, the restructuring process was to upscale the institution’s activities in the strategic sectors of the economy as well as deploying apt expertise and competences to specific business areas where it enjoys comparative business advantage.
Specifically, the bank affirmed that the reform was part of its strategic efforts to enhance customer experience, drive a digital transformation and improve its productivity and creating synergy.
It hinted that the recent restructuring came after a review of its staff composition, the Bank’s strategic direction vis-à-vis desired industry standards and service deliverables.
Under this restructuring, the bank has elevated some members of its workforce with higher responsibilities in line with its strategic direction to sustain enhanced performance while those were affected by the exercise had been adequately compensated.
There is no doubt that the banking industry like other sectors within the Nigerian economy is going through a challenging and seemingly downward trend, hence the move was part of the bank’s strategic plan to maintain an efficient workforce that will enable the bank achieve its vision of being the Nigerian most innovative banking of choice in service delivery, superior returns to its various stakeholders all in contributing to the growth and development of the nation’s economy.
This position is buttressed by the fact that the bank is well known for supporting small to medium sized businesses, which is amongst others is geared to harnessing the collective strength of these businesses in a bid to add value to MSME sector of the economy.
Heritage Bank has continually focused on the SME segment in a bid to support such businesses and entrepreneurs in a bid to create jobs and distribute wealth across the Nigerian economy.
One of its initiatives within the MSME sector is its partnership with the Central Bank of Nigeria (CBN) and the National Youth Service Corps (NYSC) under the N3billion CBN Youth Innovative Entrepreneurship Development Programme (YIEDP) which is targeted at youth, particularly current National Youth Corps members and Corp member post five years of service.
The bank has also launched a N500 million Young Entrepreneurs and Students (YES) Grant in Lagos. The initiative, which is in partnership with the Nigerian Youth Professional Forum (NYPF), will, according to the bank, support students and young entrepreneurs toward socio-economic freedom.
Also, in furtherance of its commitment to creating jobs and wealth, Heritage Bank in partnership with the Center for Value Leadership (CVL) developed various impact-driven programmes to empower the youths and women particularly in the under-developed communities in Lagos State and one of these is the Young Entrepreneurship Business Training Programme (YEBTP).
The YEBTP is a programme aimed at grooming, mentoring, and financing 100 aspiring and existing young micro entrepreneurs in Ajegunle, Lagos State. This will be achieved in the form of a grant scheme of about N8.5million, in which the funds will be used to purchase the equipment needed by the entrepreneurs to start their businesses.

BUSINESS

Introducing Zenith Bank Naira Giveaway [Details Attached]

Gbemileke Ajayi

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Zenith Bank Plc is offering its esteemed customers a chance to win cashback up to N2000 when you use your Zenith Bank Naira Mastercard to perform a minimum of 5 transactions in this month of January.

To be eligible to win, you must meet the following criteria:  You must have an active Zenith Bank account and if you do not, simply dial *966#.
CLICK ON THE BANNER BELOW
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BIG STORY

Zenith Bank Flags Off Z-Woman Business Package, Offers N10m Loan At Single-Digit Interest Rate [DETAILS]

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Zenith Bank Plc has introduced a new package for women called the Z-Woman Business Package.

The Z-Woman Business Package is designed to address the unique needs of women-owned businesses.

The package includes:

Loans of up t0 N10m at a single-digit interest rate

Free digital skills training

Free exhibition stands at Zenith Bank events.

To register, please visit www.zenithbank.com/zwoman

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BUSINESS

Access Bank, Wigwe Honoured At THISDAY Silver Jubilee Celebration

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Access Bank and its Group Managing Director, Herbert Wigwe, were honoured as the ‘Bank of the Decade’ and ‘Banker of the Decade’ respectively by THISDAY Newspaper at its 25th-anniversary celebration held at the Eko Convention Centre, Lagos.

The silver jubilee celebration was witnessed by dignitaries including former Commonwealth Secretary-General, Emeka Anyaoku; Afenifere chieftain, Ayo Adebanjo; founder of Dangote Group, Aliko Dangote; Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari; and former Governor of Anambra State, Peter Obi.

Receiving the awards, Wigwe attributed his success to the collective effort of all employees of the Bank and customers, saying, “It is such an honour to be recognized by such a prestigious platform, renowned for its work in unbiased and qualitative reportage. This award is dedicated to all members of staff who have worked tirelessly to ensure the growth and success of the Bank and all its subsidiaries. Furthermore, we thank all 32 million of our customers who trust us as we continue our journey to being Africa’s gateway to the world”.

Over the past decade, Herbert Wigwe has overseen the growth of Access Bank, from a relatively small bank into Africa’s largest retail bank. Wigwe has closed a series of strategic high-profile mergers while pushing and driving participation in community-focused initiatives that have endeared the bank to its customers. Since the completion of its merger with Diamond Bank, Access Bank’s customer base has grown from about 13 million to 32 million.

With subsidiaries and rep offices in 13 countries – Ghana, United Kingdom, UAE, China, Lebanon, India, Sierra Leone, Gambia, Rwanda, Zambia, Congo, Cameroon and most recently Kenya – Access Bank continues to defy critics, strengthening its place as a powerhouse in the Nigerian and indeed African banking industry.

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