Fidelity Bank announces 100% acquisition of Union Bank UK | TimeTestedNews

Advertisements
Advertisements

Fidelity Bank Plc has announced the completion of the acquisition of a 100% stake in Union Bank UK.

According to Bloomberg, the Chief Executive Officer of Fidelity Bank, Mrs Nneka Onyeali-Ikpe, made this disclosure.

Advertisements
Advertisements

The bank noted that, following the completion of the acquisition of Union Bank UK, it would expand into five African countries via acquisition.

Nneka Onyeali-Ikpe said: “The strategy is for us to move our footprint outside Nigeria and compete favourably with our peers. In the next three years, we should be able to be in six countries by doing at least two yearly.”

Advertisements
Advertisements