August 7, 2018 / 2:24 PM / 11 days ago

Nigeria's Diamond Bank expects to conclude sale of UK unit this year

LAGOS, Aug 7 (Reuters) - Nigeria’s Diamond Bank expects to conclude the sale of its British unit before the end of the year and is going through a change of ownership, its chief executive said on Tuesday.

The mid-tier lender struck a deal with British industrialist Sanjeev Gupta earlier this year.

The lender expects loans to grow 5 percent by the end of the year after credit declined in first half.

Reporting by Chijioke Ohuocha; editing by David Evans

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