Business
Oceanic Bank Moves On Steady Recovery Path
Barely three months that the Central Bank of Nigeria (CBN) initiated fresh reforms in the domestic Banking sector; Oceanic Bank International Plc is moving on the path of steady reinvention with promising signs of fast paced return to profitability while customers’ confidence is also on the increase.
The management said at the weekend that the increasing customer confidence with the resultant increase in deposits is driven by the commitment of the bank’s new management and staff to reposition the bank as the leading financial institution.
According to Mr. John Aboh, managing director and chief executive of the Bank said Oceanic Bank had achieved substantial success in the recovery of non- performing loans, while efforts are on-going in conjunction with regulation authorities and security agencies to recover the outstanding nonperforming loans.
Aboh explained that the re-engineering process going on in the bank will touch all aspects of its service to ensure that the turn-around is holistic. Oceanic Bank, he reiterated is a project bank and would continue to partner government at all levels to celebrate the actualising of the objectives of the Millennium Development Goals and Vision 2020, adding that it was high time the banks in the country contributed meaningfully to the real sector, for the desired growth and development to be a reality.
He said despite the challenges in the industry, Oceanic Bank had remained focused and maintained its leading position in the domestic economy as it adhered strictly to its avowed mission of building a stronger Nigeria.
“The bank demonstrated this attribute through its recently concluded football talent hunt TV reality show where it partnered former Super Eagles’ captain, JJ Okocha to contribute to the development of sports through the discovery of new football talents “Fifteen players who made the final list were rewarded with a car and one million each while four of the finalists will soon embark on a trial tour to Portugal.
The football talent hunt TV Reality Show confirms the bank’s readiness to empower Nigerian Youth and citizens through several corporate social responsibilities (CSR).
Meanwhile, Oceanic Bank International Bank Plc has been appointed by the Matriculation Board (JAMB) to sell its newly introduced on-line unified Tertiary Matriculation Examination (UTME) application form. The bank has also secured the mandate of the Nigeria Immigration Service (NIS) to collect its revenue.
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