[ 2012-03-22 ]

ACCESS Bank absorbs Intercontinental Bank staff
March 22, 2012, Accra – Access Bank (Ghana)
Limited has announced that it has successfully
completed the absorption of employees of
Intercontinental Bank Ghana (“IBG”) following
the Bank of Ghana approval on March 5, 2012, for
the merger of the two banks into a single entity.


About 90% of IBG employees have accepted their
absorption into Access Bank Ghana and are now
fully absorbed into the combined entity.

Commenting on the employee absorption exercise,
Mr. Dolapo Ogundimu, Managing Director of Access
Bank Ghana said the bank was delighted that over
395 out of the total 448 employees of “IBG”
employees “have successfully boarded the Access
train”.

He said the step marks a significant milestone in
re-shaping the business and accelerating its
growth and expansion over the next few years.

“Although all IBG employees have been offered
job opportunities with no diminution in their
terms and conditions of service, we are aware that
a few have not accepted the offer and have
petitioned the National Labour Commission
demanding severance pay. Access Bank has
maintained a fair, objective and transparent
process during the business combination, in line
with international best practice. As such, the
Bank remains committed to working with the Labour
Commission and all other relevant bodies to uphold
the laws of the land and address any residual
issues arising from the merger”.

Mr. Ogundimu added that “there are enough jobs
for everyone and therefore does not see the need
to terminate anybody’s employment. Access Bank
has in the course of the entire process been keen
to ensure that no employee of “IBG” is worse
off as a result of the merger.”

A statement issued by Access Bank said the
“merger creates a formidable Ghanaian financial
institution ranked amongst the top 7 in the
banking industry by most metrics. With over 39
branch offices and 43 ATMs spread across the
country, Access Bank Ghana is leveraging its
geographical network to showcase its expertise in
Treasury, Cash Management, Trade Finance and
Technology driven banking solutions.”

“Last week the Bank completed its rebranding
exercise at all the Intercontinental Bank branches
across the country, and is currently deploying
technology driven banking solutions to further
enhance the quality of service at these locations.
Banking hours have also been extended from 4pm to
5pm each day to afford customers more time during
the day to transact business.”

Source - Joy News

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