Heritage Bank repositions for improved efficiency

[vc_row][vc_column][vc_column_text]We hereby announce the restructuring of our workforce as part of efforts geared towards greater efficiency and resource optimization, in line with our growth agenda. This agenda is designed to strengthen the bank’s business across all markets where we operate.

The restructuring processes are meant to up-scale this institution’s activities in the strategic sectors of the economy as well as concentrating on and deploying our expertise and competences to specific business areas where we enjoy comparative business advantage.

The recent restructuring came after a review of senior staff bench strength and industry standards and realigned certain roles bank-wide, and those who were affected by the exercise were adequately compensated.

Also in line with our on-going determination to reposition, some members of our workforce have also been elevated with higher responsibilities.

There is no doubt that the banking industry, like every other sector in the country, is going through a challenging path occasioned by the slowdown in the country’s economic activities, hence the move, being part of the bank’s strategic plan to keep a vibrant workforce that will enable it achieve its vision of being the most innovative bank of choice in service delivery, superior returns to its various stakeholders, and to also contribute to the growth of the Nation’s economy.

This position is buttressed by the fact that we are well known for supporting small businesses, bringing as many of them together as possible in a bid to add value to the MSME sector of the economy.

Heritage Bank has deliberately focused on the SME segment in order to create a fresh set of vibrant entrepreneurs that will create jobs and distribute wealth in the Nigerian economy, because of recent statistics which indicate high unemployment among the youths that make up a large percentage of the population.

One of its initiatives in the MSME sector is its partnership with the Central Bank of Nigeria (CBN) and the National Youth Service Corps (NYSC) under the N3billion CBN Youth Innovative Entrepreneurship Development Programme (YIEDP) which is targeted at youth, particularly current serving National Youth Corps members and those within five years post-service exit.

We launched a N500 million Young Entrepreneurs and Students (YES) Grant in Lagos. The initiative, which is in partnership with the Nigerian Youth Professional Forum (NYPF), will, support students and young entrepreneurs toward socio-economic freedom.

In furtherance of this commitment to creating jobs and wealth, Heritage Bank in partnership with the Center for Value Leadership (CVL) has developed various impact-driven programmes to empower the youths and women particularly in the under-developed communities in Lagos State and one of these is the Young Entrepreneurship Business Training Programme (YEBTP).

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The YEBTP is a programme aimed at grooming, mentoring, and financing 100 aspiring and existing young micro entrepreneurs in Ajegunle, Lagos State. This will be achieved in the form of a grant scheme of about N8.5million, in which the funds will be used to purchase the equipment needed by the entrepreneurs to start their businesses.[/vc_column_text][/vc_column][/vc_row]

Heritage Bank will increase wallet of business transactions with Lagos State Govt - George-Taylor
Akinola George-Taylor, Managing Director of Heritage Bank Plc, and his Team, paid courtesy visit yesterday to the Governor of Lagos, Babajide Olusola Sanwo-Olu, at the State House, Alausa yesterday.

The Managing Director of Heritage Bank, Akinola George-Taylor has disclosed that the bank would continue to increase the wallet of its business transactions with Lagos state government.  

He gave this assurance yesterday when he led a team of the bank on a courtesy visit to the Governor, Babajide Sanwo-Olu at the government house, Alausa, Ikeja.

George-Taylor commended Sanwo-Olu’s administration, whilst aligning with the great works in Lagos State.

“We are here to introduce ourselves as the new management of the Heritage Bank and being that we have had a relationship with the state (Lagos) for a number of years now, we felt it was necessary to come and present ourselves to the Governor; to say thanks for the business that we enjoyed with the government and that we align and commend the great work he is doing for Lagos State.

“And of course, as bankers, we want to try and increase our own size of the wallet of the business that we do with the government and to extend our best wishes to him and his government. It was a courtesy call to say thank you and wish him well in the next coming elections,” he said.

Speaking earlier, the Governor, Sanwo-Olu said his administration was poised to do more as it continued to play its roles in providing an enabling environment, improving the ease of doing business and being forward-looking in its dealings with financial institutions.

The governor also said that his administration will continue to ensure a mutually beneficial relationship with financial institutions in the State.

He said: “Lagos is the Centre of Excellence and the commercial, economic nerve centre, so we cannot but ensure that we have a very forward-looking mutually beneficial relationship with all of our financial institutions and of course, Heritage Bank is not an exception.

“I want to implore you and your team to be intentional and think something fresh; think something different that can indeed stimulate us. You can rest assured that we know how important it is to spread our businesses and to ensure that everybody gets a part of it knowing that you and your staff will also have a corporate responsibility on the Personal Income Tax component. It is expected that we will continue to play our roles and play our parts.”

Governor Sanwo-Olu congratulated the Managing Director and his new team on the huge and great responsibilities that shareholders and other stakeholders in Heritage Bank have reposed in them,” he said.