The Governor of Lagos State, Babajide Sanwo-Olu, recommended NOVA Financial institution Restricted on the opening of its new enterprise workplace within the Victoria Island space of Lagos.
Sanwo-Olu gave the commendation on the commissioning of the workplace, which is NOVA Financial institution’s first business banking department, on Tuesday.
He stated, “We have to commend them. We have to encourage them. The NOVA group have a option to go elsewhere or to stay within the service provider banking area. However they determined to take it additional, and taking it additional means they must commit extra sources that can allow them to stay aggressive and to make extra influence.
“So on behalf of the Lagos State authorities, I’m right here to thanks, encourage you and to say to you that we’re excited with this milestone, “ the governor acknowledged, including that NOVA Financial institution Restricted has plenty of multi-talented women and men.
Whereas particularly thanking the Board Chairman, Mr Philip Oduoza, for taking part in a big function on the board of the Lagos State Safety Belief Fund years again, he stated there was no report of financial institution theft for a very long time resulting from enchancment within the safety state of affairs within the state.
Nova Financial institution just lately transitioned to a nationwide business financial institution after receiving its licence from the Central Financial institution of Nigeria.
In his handle, the Chairman and founding father of NOVA Financial institution, Oduoza, expressed delight about the way forward for the financial institution.
He stated, “I really feel very enthusiastic about it as a result of that is one thing that we’ve got been trying as much as, for a while. We have now been very profitable within the Service provider banking area, which is the area the place you attend to wholesale banking shoppers and company business banking. Now we’ve got circled, to take this success story to the retail market, and the retail market has way more inhabitants than the wholesale area. So we need to take this wonderful service to many extra individuals in Nigeria as a result of we all know it’ll make an influence on the economic system.
“The influence is available in numerous types. One is monetary providers provision, the second is empowering the shoppers by means of shopper credit score and the third one is offering them with our suite of merchandise which have been very, very profitable, “ Obuoza acknowledged.
In response to him, of crucial significance is the ‘PHYGITAL’ mannequin of the financial institution which is a convergence of the bodily workplaces and digital platforms, thus empowering prospects to take action many issues.
Each “out of your workplace, your home, on the go, anyplace in any respect, and that’s what the digital expertise provides to you, “ he assured.
He stated by opening up extra branches, the Financial institution could be supporting President Bola Tinubu’s administration within the space of job creation and stabilising the economic system.
He emphasised the financial institution’s unwavering dedication to buyer focus and delivering distinctive service.
“As we increase our providers, we stay devoted to delivering an unparalleled banking expertise that seamlessly integrates the bodily and digital realms.
“Our trademarked PHYGITAL expertise combines a choose variety of strategically positioned bodily branches with high-tech, seamless digital banking capabilities, guaranteeing that our prospects obtain one of the best of each worlds. This method permits us to offer personalised, in-person service the place it’s most wanted, whereas additionally providing the comfort and effectivity of cutting-edge digital options,” he defined.
Answering questions relating to the most recent N500bn banking sector recapitalisation necessities, Oduoza stated that shareholders who believed a lot within the lender, raised capital by means of a rights concern final 12 months to satisfy the capital necessities of the business banks, have dedicated to do it once more to satisfy the CBN deadline.
NOVA Financial institution, which was established in 2018, is ready to open extra branches in Lagos, Abuja, Port Harcourt and Kano.