By Modupe Gbadeyanka
Chief Executive Officer of Diamond Bank Plc, Mr Uzoma Dozie, has revealed that the company plans to raise its capital in the short to medium term with the sale of some non-core assets.
In an interview with ThisDay, the bank’s chief said the assets to be sold will not in any way affect the bank negatively.
“Right now, we have adequate capital because we are not building new branches any more, which is one thing that takes a lot of cost.
“We are also looking at assets that are not in line with our goals again, to see what to do to them.
“These are assets that may be of benefits to other people. Any of the assets that is not in line with our retail strategy can go,” he told the newspaper.
Diamond Bank is solidly committed to growing its corporate and mid-tier market segment in the business year and the years ahead, Mr Dozie said.
He added that the bank had outlined detailed strategies that are helping to leverage the current business momentum in the economy.
Recently, both Zenith Bank Plc and United Bank for Africa (UBA) Plc raised $500 million each by issuing Eurobond.
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