Oceanic Bank to spearhead treasury standards

03.03.2008

Oceanic Bank International Plc. has said it will continue to spearhead global standards in treasury operations in the financial sector in Nigeria and the entire African continent.

Speaking at a recent seminar on “Crossing Treasury Borders” organised by Euro Finance, Executive Director, Corporate Banking Group of the bank, Oti Ikomi, said the bank was committed to pioneering the evolution of ideas that would yield an integrated approach to treasury operations in the region.

According to Ikomi, Oceanic Bank’s decision to sponsor the event was borne out of its desire to provide a global platform for finance sector operators to adopt strategies of improving on treasury operations on the continent.

He explained that this would result in efficient and cost effective cash/cheques collections for both local and cross border sales; timely and cost effective payment solutions; domestic and cross border liquidity management solutions; and automation of trade transactions.