Development Credit Bank Ltd. is upgraded from 'B' category financial institution to "A" grade commercial bank. It has commenced its commercial banking activities from this Sunday (25th May 2008). The paid up capital of this company is Rs. 1.107 billion. DCBL is the first organisation being upgraded from "B" class development bank to "A" grade commercial bank. DCBL was established in 2001 as first national level development bank fully owned by private sector.
Source:
Jamb News Service
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Sunday, May 25, 2008
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