Former Group Managing Director/Chief Executive Officer (GMD/CEO) of
Speaking at a handing over ceremony in
He said having served as CEO of three different banks for a total of 11 years, he felt it was time to leave for another person to come and take the bank to another height.
He described the years he spent at
Durosinmi-Etti said he would continue to work for the success of the bank as well as serve as its ambassador at all times.
In his remarks, Oguntayo thanked his predecessor for his leadership and guidance in the past and wished him success in his future endeavours.
Oguntayo said his aspiration for the bank is to make it a catalyst for economic growth for the country by assisting and funding the small and medium enterprises (SMEs) and developing specialised products for them.
He said he would work to reduce operating cost and lead by example in that respect. In addition, he promised to motivate the workforce by rewarding performance so that the bank would grow.
"My plan for
"We have played very well in the corporate high end of the market, but we think it is time for us to begin to touch on the SMEs and retail customers and that is what we have set out to do.
"It doesn't mean we are going to abandon the corporate banking segments that are the large companies. We would continue to play in the oil and gas, telecoms, but we must build the SME space," he added.
It would be recalled that Durosinmi-Etti started his terminal leave in April after giving notice of his decision not to renew his mandate to the board of the bank after four years in office.
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