First Bank Denies Acquiring Ghanaian Bank

First Bank of Nigeria (FBN) said it is not true that it has acquired the International Commercial Bank (ICB) of Ghana from the bank’s financial holdings as reported recently in the media.

In a statement made available to LEADERSHIP Weekend, the bank explained that acquisition talks with  ICB financial holdings is still on-going, adding that the outcome of these discussions would be communicated in due course.

The bank disclosed that it currently employs over 9,000 workers, services over 9 million customers’ accounts, through about 807 business locations and over 2,200 ATMs, adding that it remains the most diversified financial services in Nigeria.

The group, according to the statement, boasts an excellent corporate governance structure under four business groups which include commercial banking, investment banking and asset management, insurance and other services.

The bank pointed out that the affiliates of FBN holdings offer a broad range of products and services across commercial banking, investment banking, insurance and microfinance business in seven countries.


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