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ACB Restates Financial Strength Banking The Board and Management of ACB International Bank Plc has restated its strengths and capacities, which indisputably stand the rejuvenated and re-invigorated bank in a solid stead to meet the emerging challenges of the planned reforms. In a statement signed by the Head, Corporate Communications of the bank, Mr. Igwe U. Igwe, "these capabilities include a strong institutional ownership by three solid and tested banks, namely, Citizens International Bank Limited, Diamond Bank Limited and Hallmark Bank Plc. "It has an equally deep franchise and an impressive clientele profile, which largely and continuously draws its strengths from entrepreneurial activities with firm origins in the eastern Nigerian market", the statement said. ACB has an enormous real estate nationwide with an estimated value of close to N10 billion. Over 80 per cent of its old branches nationwide operated out of its premises, a factor which makes the strategic phased branch re-opening by its Management a most cost-effective exercise. Presently, the bank is among the banks that met the minimum capital base requirement of N2 billion long before the deadline. It has a robust Information Technology system which ensures that all branches are online, real-time. Being state of the art, the IT system has been carefully deployed to take care of all IT needs of the bank in the next five years. The bank's confidence at emerging stronger from the challenges thrown up by the unfolding scenario in the financial sub-sector is further heightened by the highly positive and encouraging inquiries from key customers and players in the industry and the economy as a whole. Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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