Thursday, April 7, 2011

Companies Focus: Access Bank and Intercontinental Bank.


Access Bank plc was incorporated as a limited liability company on 8 February 1989 and commenced business on 11 May 1989. It was converted to a public limited liability company on 24 March 1998 and its shares were listed on the Nigerian Stock Exchange on 18 November 1998. The bank was issued a universal banking license by the Central Bank of Nigeria on 5 February, 2001.
The Principal activity of the Bank continues to be the provision of money market activities, retail banking, granting of loans and advances, equipment leasing, corporate finance and foreign exchange operations,
To view key statistics on Access Bank, go to http://broadstreetlagos.com/compDetail.php?s=ABL&p=cks

Intercontinental Bank Plc was incorporated in 1989 with N12 million in shareholders funds. Today total deposits are in excess of N1.1 trillion with gross revenue of N174 billion and N200 billion in shareholders funds. Intercontinental Bank has market capitalisation of N827 billion and operates over 300 branches across Nigeria and 8 in Ghana. The bank has strategic partnerships with BNP Paribas, Vectis Capital, and AIG Investments, amongst others. Both banks recently signed an MoU to combine their businesses
To view key statistics on Intercontinental bank, go to http://broadstreetlagos.com/compDetail.php?s=ICB&p=cks

A premium profile on www.broadstreetlagos.com gives you access to the data you need. Over the next few weeks we will discuss more companies.

No comments:

Post a Comment