Lagos - FirstRand Ltd. (FSR), owner of South Africa’s second-largest bank, plans to build its Nigerian business by buying either Mainstreet Bank Limited or Keystone Bank Limited, reports ThisDay.
Sizwe Nxasana, Chief Executive Officer of FirstRand, said the bank is expanding its corporate banking business to take advantage of the surging growth in the country.
He said the bank is currently using its merchant banking license to offer services to Nigerian companies but hopes to expand when it buys a commercial bank.
Read more at ThisDay.
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