Enterprise Bank’s continued relationship with Union Bank UK Plc as an offshore partner is based on the fact that it makes a lot of business sense to deal with an institution with vast understanding of the local business environment, Ahmed Kuru, Managing Director/Chief Executive Officer of Enterprise Bank Limited (EBL) has said.
Kuru who made the assertion when he received the management of Union Bank UK Plc at the corporate head office of the bank in Lagos led by its Managing Director/Chief Executive, Dr. Adekola Ali, added that the management at Enterprise Bank will continue to do business with Union Bank UK Plc because the foreign bank supported the defunct bank that gave birth to Enterprise Bank even when the going was tough.
Kuru said, “As I welcome you to our new bank in Lagos Nigeria, I want to use this opportunity to first of all thank you because your bank from what I know, supported the bank that gave birth to Enterprise Bank all through the period even when most offshore banks were not willing to do business with it. Now that we are fully recapitalised with an enviable record of having one of the cleanest balance sheets, I think this is the time to move the bank to the next level.
“In doing that however, we will not forget some tested and trusted partners like the Union Bank UK Plc for choosing to stick with us as partners in progress. We need your support as always to continue to grow this bank. I thank you for finding time to visit us all the way from the United Kingdom. On our own side, we will continue to build on this established mutual business relationship especially when we know that you have deep knowledge and understanding of the Nigerian and African markets.”
Kuru told his visitors that the current management of Enterprise Bank has not just a road map of growth but a blueprint to build a highly successful commercial bank.