Heritage Bank Limited has issued a formal statement to dissociate its organization from Heritage Capital Markets Limited.
It would be be recalled that Heritage Capital Markets Limited was suspended from all capital markets and securities trading by the Securities and Exchange Commission, SEC over allegations of unauthorized sales of shares.
As a result of the resemblance in name, Heritage Bank deemed it fit to extricate its identity and reputation from the matter.
In a statement purportedly issued by the bank,
“Our attention has been drawn to a certain recent publication in some of the national dailies regarding the suspension of a certain “heritageCapital Market Limited” by the Securities and Exchange Commission.
“Our concern stems from the resemblance in its name to our organisation, and the impression that this might leave on the minds of our dear customers.
“We wish to hereby state that “heritage bank Plc has no business relationship or association with the affected company- “heritage Capital Market Limited”.
“Heritage bank remains resolute and committed to our customer’s upholding in trust the privilege to partner with them in fulfilling your financial objectives.”
Heritage Bank is a tier two bank formed by the resuscitation of Societe Generale Bank and the acquisition of former Spring Bank Plc from the Asset Management Company of Nigeria, AMCON.