3.3 BDM Background and Domestic Expansion Process
BDM is one of Nigerian top banks regarded as “new generation banks” incorporated in 1990 and commenced operations in 1991 as a private limited liability company. The bank evolved and witnessed a rapid growth attain the universal banking status in 2001 and he same year BDM became the first Nigerian bank to establish a reta...
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... Acquisition, 2006". The bank is also highly rated with BBB+ rating by Fitch Ratings, Agusto & Co., and A- rating by GCR, reflects the bank 's sustainable liquidity, sound and professional practices and good standing as a high investment grade institution. These are a testimony of how the bank is realising it vision which is “To be a leading financial institution, with the best people, providing unequalled customer experience and delivering superior shareholder value”. As of January 2016, BDM Group has strong footprints in Nigeria as well a strong presence in countries like Republic of Benin and branches in Senegal, Togo and Ivory Coast – making it the first Nigerian bank to operate in Francophone West Africa and in 2013 the bank non-African subsidiary was establied in the UK. Below diary illustrate the factors that have impacted of rapid domestic growth of BDM.
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