[ 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

... go Back