FirstBank says talks for acquisition of ICB Ghana remain ongoing


firstbank_logo_vertical_copyFBN Holdings Plc on Thursday said the reported discussions by FirstBank with ICB Financial Group Holdings AG to acquire International Commercial Bank (ICB) Ghana remain ongoing.

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According to a statement, FBN Holdings said on behalf of First Bank of Nigeria Ltd, “ wishes to clarify its position on the media reports sourced from the recent Bank of Ghana (BoG) announcement regarding the approved application for the acquisition of International Commercial Bank (ICB) Ghana by FirstBank from ICB Financial Group Holdings AG.

“Acquisition talks with ICB Financial Group Holdings AG remain ongoing and an outcome of these discussions will be communicated in due course.”

FBN Holdings Plc is the most diversified financial services group in Nigeria. The affiliates of FBN Holdings offer a broad range of product and services across commercial banking, investment banking, insurance and microfinance business in seven countries (Lagos, Nigeria, London, United Kingdom; Paris, France; Johannesburg, South Africa; Beijing, China; Abu Dhabi, UAE and Democratic Republic of Congo).

FBN Holdings’ principal bank subsidiary is First Bank of Nigeria Plc (FirstBank), a commercial bank with operations in 7 countries, as well as FBN Capital, a leading investment banking and asset management company; FBN Life Assurance, a life insurance business; and FBN Microfinance , which offers microfinance services

FBN Holdings Plc was incorporated in Nigeria on 14 October 2010, following the business reorganization of the First Bank group into a holding company structure.

Babatunde Akinsola
Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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