Intercontinental Bank Solid, Strong-CBN

Intercontinental Bank Plc, one of Nigeria’s financial powerhouses is in fine state of health, according the pleasing verdict by Central of Nigeria (CBN)
The vote of confidence came in the wake of anti-banking campaign by competition against the bank regarded as one of Africa's strongest financial institutions with a robust brand equity that resonates with a reputation for excellent customer service.
The rumour which elicited enquiries by customers, depositors and the general public drew the attention of the apex bank.
After looking into Intercontinental Bank’s books, CBN said the bank remains healthy and has been meeting her obligations to her customers.
Intercontinental bank according to a release by CBN has been an active participant at the foreign exchange Retail Dutch Auction (RDAS) where it bids regularly on behalf of her customers who require foreign exchange for their transactions.
The apex bank disclosed that it has not received any adverse report from her correspondent or from other foreign banks of any default or unprofessional conducts on the part of the bank.
The CBN says it has been providing short-term liquidity support to all the Nigerian banks in line with CBN’s role as lender of last resort.  The facilities it said are available for all the banks including Intercontinental Bank Plc should any bank require them.
The CBN has therefore advised the general public to ignore any negative rumour or false information on Intercontinental Bank Plc or any other Nigerian bank as the information is false. The CBN urged Nigerians to continue transacting their legitimate businesses, including deposit placement with Intercontinental Bank Plc and other Nigerian banks.
The Central Bank of Nigeria reiterates its assurance that Nigerian banks are strong enough to manage the shocks and challenges occasioned by the global economic crises and stands ready to provide liquidity support to any bank that may require it during this period and beyond.
Intercontinental Bank is driven by an inexorable quest for leadership in global finance and passion for excellence in customer service delivery.
The bank is in business to help customers, clients, employees, and shareholders build and preserve wealth.