Skye Bank seeks 15% loan growth, fresh cap­i­tal

Daily Trust - - REUTERS -

Nige­rian lender Skye Bank aims to tar­get re­tail and busi­ness cus­tomers this year to ex­pand loans by 15 per­cent, up from 2 per­cent growth last year, in­com­ing chief ex­ec­u­tive Ti­mothy Ogun­tayo said yes­ter­day.

“Liq­uid­ity was a ma­jor con­straint to growth in risk as­sets in 2013,” Ogun­tayo said on an an­a­lyst con­fer­ence call, adding that the mid-tier lender was look­ing to bal­ance its de­posits mix. Ogun­tayo said the bank plans to raise $100 mil­lion in tier II debt and 30 bil­lion naira in eq­uity be­tween the sec­ond and third quar­ters of 2014.

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