ETB IPO by the corner

[bayern]

ETB, just did their pp, en will be coming out early 2008, peeps anyone seen or can provide some link to this bnk's financials for say the last 5 yrs, share pls...much gr8ful 2 y'al

[freehibee]

etb ipo coming out next year sh e? how much do u think yhey can sell it?

[riskreturn]

Below - courtesy of today's Nigerian Tribune:

We will soon be listed on NSE - ETB
By Femi Ibirogba

Equitorial Trust Bank Plc is perfecting its expansion programmes that will eventually lead to its being quoted on the Nigerian Stock Exchange.


This revelation was made known by the Managing Director of the bank, Mr. Ike Oraekwuotu, during the inauguration ceremony of the newly-open branches of the bank at Oke-Ado and Apata areas of Ibadan, Oyo State, last week.


“There was no need to go to the capital market to raise funds during the recapitalisation, for we successfully overcame the hurdle. However, we constantly realise that we should expand our services and products. So, towards the end of this year, we will be listed on the Nigerian Stock Exchange,” Oraekwuotu said.


While speaking on the vision of the bank, the Managing Director said the institution was being driven by its vision of being the most efficient and customer-friendly bank with first-class and world-class services and products.


His words, “We are driven by the vision to be the most efficient, customer-friendly bank in Nigeria, because all banks today are well capitalised. What is deficient is the level of efficiency of services, and that is where we are coming in. We want to be known for being customer-friendly, offering efficient services to all our customers that cut across individuals, governments and corporate bodies.”


On expansion activities, the ETB boss said aggressive branch network expansion had been embarked upon, adding that asides two new branches open in Ibadan, 28 more branches would be opened across the country in the next three weeks.


According to the boss, about 50 more branches are at different stages of construction apart from 25 ready for inauguration soon.


“We are opening 25 more branches in the next three weeks. We also have about 46-50 branches which are under construction and at different stages. This is just to ensure we are present everywhere to serve our numerous customers more efficiently,” Oraekwuotu added.


Also speaking at the inauguration, Chief (Mrs.) Yetunde Adegbola, the chairperson of the bank, said Ibadan, after Lagos, is a major commercial centre that calls for more efficient banking services, dictating the opening of two more branches to bring the total to seven.


“We wish to state that Ibadan and Oyo State mean so much to us in ETB as one of the first places outside Lagos. These branches have served the people so well and contributed to our rapid growth and development. Our interest in Ibadan arises from the fact that it is not only the capital of Oyo State, but also one of the largest and most vibrant centres of commerce in Nigeria,” Mrs. Adegbola said.