Standard Chartered Bank Expands Branch Network … Opens New Branch in Lagos

Standard Chartered Bank Nigeria has opened another branch located at Plot 1681 Sanusi Fafunwa Street, Victoria Island, Lagos. The new branch, the fifth branch opened by the bank in 2008, is a reflection of the Bank's strong business growth in Nigeria and a result of its strategic expansion drive in the country.

The branch was declared open by Mr Steve Bertamini, Group Executive Director/Chief Executive Officer, Consumer Banking of Standard Chartered Bank Plc. According to Mr Bertamini

"It gives me great pleasure to open this branch in Nigeria because Nigeria is pivotal to the growth and development of Standard Chartered Bank's franchise in Africa. The strength of the Nigerian market has been reflected in our Bank's business growth in Africa which has been exponential and Nigeria is currently the fastest growing and most profitable of our franchises in Africa.

We are proud of the achievements of Standard Chartered Bank in Nigeria over the past few years and I am particularly impressed with the huge potential of the retail banking market in Nigeria.

With an international footprint stretching over 50 countries, Standard Chartered Bank is uniquely positioned to capitalise on cross-border business for fast growing markets like Nigeria and we remain committed to making this happen."

Also speaking at the opening ceremony of the Sanusi Fafunwa branch, Christopher Knight, Managing Director/CEO, Standard Chartered Bank, Nigeria said:

"This is an auspicious period to capitalize on the extraordinary growth dynamics in the country and the establishment of this new branch in Lagos is a key element in executing Standard Chartered Bank's strategy to grow the business and outperform our competitors.

We fully intend to consistently deliver on our brand promise of being the right partner to our customers by providing more branches and channels to access the world class products and services that Standard Chartered Bank is known for globally. Already we have six more branches in various parts of the country earmarked for commissioning in the next 2 - 3 months."

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