A statement from both Intercontinental and Access:
Intercontinental Bank will be merged with Access Bank within the 2nd quarter of 2012.
Access Bank Plc and Intercontinental Bank Plc announce the completion of the recapitalization of Intercontinental Bank and the acquisition of 75% majority interest in Intercontinental Bank by Access Bank Plc. Effective today, Intercontinental Bank (including all its assets, liabilities and undertakings) becomes a subsidiary of Access Bank Plc.
The bank will now be run by a new Managing Director, Mr. Victor Etuokwu, while Mr. Aigboje Aig-Imoukhuede is the new Chairman of the bank’s board.
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