When the Central Bank of Nigeria announced that Asset Management Company of Nigeria, AMCON will effectively from the 24th of September 2018 take over the management of Skye Bank PLC, many tongues wagged with many people predicting that the move will be the end of the financial institution. Contrary to popular opinion, the new bank, Polaris Bank continues to thrive. The seamless manner of the takeover has thrown up some important life lessons:


CHANGE IS NOT NECESSARILY A BAD THING

Anybody familiar with Skye Bank will attest to the fact that the takeover has done more good than harm. Since the takeover, it seems a new lease of life has been breathed into the bank. ATM machines notorious for being temporarily out of service now seem to have cash all the time. Even the bank branches have a new face lift. Analysts are now hoping the bank leaves the shadow and take a prominent role in the banking industry

JUST TRUST THE PROCESS

Rumors monger had a field day when the news of the takeover was broken, some went as far as to say, the takeover will not only be the end of the bank but also the disappearance of deposits, while there is no verifiable statistics to measure the number of people that were affected by this rumors, but knowing the Nigerians, the number will most likely be in hundreds. However, the smooth transition has taught us that sometimes all we need to do in life is just to trust the process without fidgeting or allowing ourselves to be swayed by the public opinion.

Read more online via https://www.eventnews.tv/business/polaris-bank/

Source: Eventnews Africa
https://www.eventnews.tv/business/polaris-bank/

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