HERITAGE BANK REMAINS SOUND AND RESILIENT- MANAGEMENT

The attention of Heritage Bank Plc has been drawn to deceptive reportscontained in amedia publication, alleging the Bank’s inability to honour its obligations to customers amongst other contrived reports on the financial state of the bank.

Heritage Bank wishes to categorically refute thisfalse information being circulated about the institutionwith a misdirected intent to derail and misinform the banking public on its financial state.

Whilst we acknowledge the challenging operating environment currently experienced in all sectors of the economy, HeritageBank remains financially stable and has continued to discharge its obligations to all customers and stakeholders. This position is buttressed by the commendable results posted by the Bank in the past financial year and the last three quarters of 2016,resulting in shareholder approvals to list its shares on the Nigerian Stock Exchange within one year of its business combination with the erstwhile Enterprise Bank Limited.

The Bank wishes to assure all customers and stakeholders of the safety of theirdeposits and financial transactions in line with our commitment to a strong service culture and sound corporate governance practice.