Equity Analysis /
Nigeria

Nigeria banks intensify search for new growth engines

  • Nigeria banks are pursuing holdco structures to access new markets, while some are deepening their non-banking lines

  • GTB is now a holdco, Access Bank expects to be holdco by Q4 21 and FCMB has finally acquired AIICO pension managers

  • The holdco structure provides new income streams and improved profitability. Benefits should be seen in the medium term

Nigeria banks intensify search for new growth engines
Busola Jeje
Busola Jeje

Junior Research Analyst

Tellimer Research
23 July 2021
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