Barring any last-minute changes, one of the five new banks licensed by the Central Bank of Nigeria (CBN), Titan Trust Bank Limited, is set for entry into the Nigerian banking industry in grand style, in a matter of weeks.
Led by seasoned banker and former deputy governor of the CBN, Tunde Lemo as Chairman, the new commercial bank, is starting operation with a solid post capitalization financial base in real cash.
According to the lender, the bank was formed to take advantage of the identified gaps in the banking sector and address the unmet needs of the retail mass market, SMEs and corporates.
The new bank headquartered at Plot 1680, Sanusi Fafunwa Street, Victoria Island, Lagos, Nigeria has the following facilities: Commercial Banking, SME Banking, Digital Banking amongst others.
On its commercial banking services, the lender said on its website: “As a national commercial bank, we are committed to supporting businesses, giving them the power to build a better future. Each day, companies are working together to create sustainable economic value.
“We are committed to that vision by ensuring we provide business capital and resources, primed to support these visions, as we continue to tell Africa’s story.
“All businesses are exactly that; businesses! Our team is made of professionals with an entrepreneurial mindset, working to help you and your business take advantage of the many benefits of banking with Titan, and give your competition a run for their money,” it said.
Established on the 12th of December 2018, the bank obtained its national banking license on the 26th of April 2019, to operate as a commercial bank with national authorization.
Some of those already on board the new bank are experienced financial gurus, giving the signal that the bank is ready the compete with the long-standing and well-rooted Nigerian banks.
Mudassir Amray (MD/CEO), a banker with over 25 years of global exposure across six geographies (US, Nigeria, Malaysia, Hong Kong, Singapore, and Pakistan); Adaeze Udensi (Executive Director), over 23 years’ banking experience, and was until recently, an Executive Director in Heritage Bank.
Stella Nwihim (Head of HR), a seasoned professional with over 21 years’ experience spanning Human Resources, Sales and Banking Operations; Mark Oguh (CFO), with 22 years’ experience in the banking industry covering Operations, Audit and Financial Control.
Ademola Ajayi (Chief Compliance Officer), an Associate of Compliance Institute of Nigeria (CIN), a Security and Exchange Commission (SEC) registered Compliance Officer and a registered professional of Financial Reporting Council of Nigeria (FRCN); George Aiyudu (Head of IT), a certified COBIT implementer with over 21 years banking experience.