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UTB, City Express Assure Customers Universal Trust Bank Plc (UTB) and City Express Bank Plc have assured their stakeholders and customers that the new capital base for banks recently announced by the Central Bank of Nigeria, will have no negative impact on their operations. A statement from UTB said it has put in place adequate measures that will enable it leverage the strength of its ever supportive shareholders, both existing and prospective, to further consolidate its banking franchise. "Customers and shareholders are assured of the safety of their funds and investment respectively as the board and management of the bank is very confident of meeting the CBN's new directive", the statement said. City Express Bank also assured customers that the recent CBN statement on withdrawal of public from banks would not put its liquidity position in jeopardy, adding that the bank has started generating deposits from the retail end of the market by expanding its branch network. "The bank is prepared to meet and even surpass whatever capital base the regulatory authority decided upon after the on-going deliberation with the CBN and the Federal Government. Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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