@LoveLove4104 @yabaleftonline It actually will - 'cos Nigeria is a classist economy. Watch how people with millions in other banks will port to Standard Chartered for that brand affiliation. This decision has just made them a magnet to the affluent.
@NaijaBudgetBro@olumidecapital The broke ones they are addressing will goto GTB and other banks while the rich ones currently using other banks will run to Standard Chartered where they will feel recognized. Its business, nothing personal my brother.
@sageasika@olumidecapital While some might disagree with the approach due to sentiments - it’s a classic business move that will make the affluent people keeping millions in other banks flock to Standard Chartered ‘cos wealth gravitates towards recognition. Its a chess move at the end of the day.
@sageasika@olumidecapital Let me help you with a little insight. Access Bank acquired Diamond Bank ‘cos the latter was in distress. Standard Chartered Bank has never been in distress - they recently raised 200bn CBN recapitalization fund without any noise or stress while others hawked their shares online.