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Diamond bank seeks merger talks

Diamond bank plans to ask shareholders for their approval to enter into merger talks with other banks. The bank, who will solicit shareholders’ approval at … Continue reading Diamond bank seeks merger talks


Diamond bank plans to ask shareholders for their approval to enter into merger talks with other banks.

The bank, who will solicit shareholders’ approval at its next meeting, also plans to raise $200 million in bond issues.

Although the lender did not provide details on timing for the debt issue, it however said it will target strategic investors including the World Bank’s private sector lender, the International Finance Corporation.