The firm has also clarified the implications of its 100 percent divestment from its former subsidiary, CITITRUST Financial Services (CFS) Plc Nigeria, in 2021.
Browsing: Cititrust Holdings Plc
Since the bank, originally known as Omoluabi Mortgage Bank Plc, was taken over by leading pan-African financial services provider, Cititrust Holdings Plc, in May last year, it has recorded tremendous achievements, which has not only won it several recognitions, but also catapulted it to the ranks of foremost mortgage lenders in the country, with guaranteed superior returns for investors. An immediate proof of the latter point was the growth in the bank’s profit by an unprecedented 2,039 per cent in the third quarter of 2020 compared with the corresponding period in 2019.
The approval was conveyed in a letter addressed to the company’s chairman by the Capital Markets Authority, Kenya.
Oyetola gave the commendation in a letter dated August 6, 2020, which he personally signed.
A statement from the Group noted that the decision, which is aimed at rebranding the affected companies to reflect their renewed focus on excellent service delivery, was taken at its Executive Management meeting held on July 4, 2020
The cheque was handed over to a non-governmental organisation, Health Emergency Initiative, at the company’s corporate headquarters in Lagos on Tuesday.