Skye Bank Plc’s balance sheet has risen to N1.5tn, from N1.2tn, following the recent acquisition of Mainstreet Bank Limited.

Similarly, the lender’s branch network is now 450 compared to 260 branches before the business combination with Mainstreet Bank.

A statement by the lender quoted its Group Managing Director, Mr. Timothy Oguntayo, as stating this during a ‘Corporate Partners’ forum held in Lagos.

He said the enhanced balance sheet had put the bank in a better position to take on bigger transaction tickets, promising that its customers would be the better for it.

Oguntayo also explained that the increased branch network would make access to the bank’s services easier as branches are now easily accessed.

He added that the bank’s combined automatic teller machines network was now 815, from 600 prior to the acquisition.

H0e re-assured the bank customers of excellent and customised services at all time, explaining that the desire to serve the customers better informed the launch of a customer service charter in the past.

The Skye Bank boss thanked the customers for their loyalty and patronage, and promised to exceed their expectations as the partnership blossoms.

The statement quoted a customer of the bank and Chairman, Honeywell Group, Mr. Oba Otudeko, as commending Skye Bank for the bold decision to acquire Mainstreet Bank.

He said a bigger and stronger Skye Bank would be better placed to satisfy the customers and deliver more value to the stakeholders.

He also lauded the integrity demonstrated by the bank and urged the management of the bank not to deviate from it. He tasked the management to ensure that shareholders are given value.

The bank’s Head of Information Technology, Mr. Richard Amafonye, was said to have told the audience of some features of its latest IT software which allow self service and convenience anywhere.

He said they included foreign exchange transfer feature, multi pay platform, trade services portal for importers and exporters, among others.

Punch