₦airaland Forum

GNature:
Intercontinental Ranked Nigeria’s No 1 Bank

Daily Independent

Intercontinental Bank Plc has been rated as the second fastest growing bank in the world by The Banker Magazine, the influential and leading international business magazine, which also ranked the biggest bank in Nigeria.

The bank, also ranked number five in Africa and the 355th biggest bank in the world by first tier capital emerges as the first Nigerian bank to be so rated among the world's top 500 banks.

The Banker Magazine, a subsidiary of the Financial Times of London, in its 2007 edition of the Top 1000 banks in the World released last week, described Intercontinental Bank's outstanding growth as symbolic of the massive impact of the Nigeria's banking reform. The Magazine noted that:

"Nigeria's Intercontinental bank reflects the huge consolidation and regulatory change that has taken place in Nigerian banking in the past two years," adding that the bank rose by a record 522 places to be ranked at 354, with capital ballooning to $1277 million at the end of February 2007."


In all, eleven Nigerian banks were ranked amongst the top 1000 banks in the world, with Union Bank rated 502, followed by Zenith Bank in the 526 position and as the second and third most capitalised banks in Nigeria respectively. Other banks in hte ranking are First Bank (688), GT Bank (739), IBTC (851), Oceanic (874), UBA, (875), Fisrt Inland (894) as well as as Spring Bank and Diamond Bank in 927 and 937 respectively.

Intercontinental Bank was ranked 877th last year but with its capital increasing almost fivefold to $1.3 billion from $273 million last year, it easily made it to the elite top 500 banks in the world. The Magazine noted: "Following a merger with three other banks, Intercontinental bank's capital_ increased by 4.6 times, making it easily the largest bank in the country by capital."

Intercontinental Bank also recently declared the highest ever profit before tax (N22.6 billion) by any quoted company in the history of the Nigerian Stock Exchange. [color=#990000][/color]The bank surpassed all its projections for its financial year ending February 2007. It's profit before tax grew by 121%, profit after tax by 105%, Gross revenue by 113% while total assets climbed by 101%.

Analysts have described the financial performance of Intercontinental Bank as meteoric, noting that the bank is redefining the scope of competition in the country's banking landscape with many Nigerian Banks scurrying to the capital market and seeking international partnerships to accelerate their growth strategies.


Indeed, Good things are happening in Nigeria.

FACE:
Some may call that flip flopping.

FACE:
Someone with an inherent bias would refuse to listen to logic in order to propagate that bias

Omo Eko:
2 reason why he dates them

1. No black women want his ugly stingy ass
2. His student visa is almost expired and David needs the white girl to file for him so he can stay longer here

Omo Eko:
why don't you go somewhere else to fight your battle you freaking sissy, you are a disgrace to the manhood , all you do around Nairaland is cry like a fucking bitch

Omo Eko:
Yes oh my brother, that is while his only interested in those [b]fat nasty looking white girls, [/b]even a blind black girl will never date him

Omo Eko:
my dear they got a special one for ugly david but he just have to pay extra .

Omo Eko:
It you see this guy pics, omo you go run oh, infact you might get blind , he ugly pepper Obj .

Islander:
Please Son, don't make me go back to being a bitch, I have really been praying for deliverance from all this bitchy demeanor ( Proverbial I am heeding to that last line in your offtopic thread )

Omo Eko:
dude your ugly ass pic was on hi5 , damn you are one wowo guy!!!!!!chie

didn't you have on a bright ass yellow shirt

Your monkey ass belong at the gym because you are fat and ugly.

Omo Eko:
See this yeye boy , so are you really 24 like you claimed , so i guess your other 2 ugliest brother are both 21 and 20, LMFAO.
I’m calling the American Embassy on your ass for forging fake documents to receive a student visa to come up here.


So how is your dirty white slut doing today

Omo Eko:
see your life Mr cock sucker , abeg stop using Microsoft word to type because you can't even define half of those words you listed there. So David tell me something how many ounces of c*m did u swallow today, and did you suck both debo and I-Man ball at the same time. YOUR GAY ASS MOTHERFUCKER

gbeborun:
@babyosisi
think you're very troublesome and quarelsome. You're a tribalist. You can only try, nothing you fit do to YORUBA people you hear! Tribalist

ThiefOfHearts:
Unless you are someone under a new name, you are obviously very new. Look up my former posts and see my history with osisi. If there's one thing that I wont let anyone deny on Nairaland is my arguements with osisi. So seriously dude, stop playing yourself.
We arent even talking about all that tribal crap anymore, the topic is back to osu, so either you give your piece on that alone or leave the thread.

I am tempted to call you names,I'll leave you to chose them yourself.

I wonder why we haven't eaten you yet,ewu Ijebuode

My grandparents were Christians,the ones before them,I knew not.
And I detest it when several non Igbos drum this okija nonsense as though we were all privy to this whole set up.
Most of us heard of okija the same time you did.

but I had heard of Ijebu medicine men since I was tot
they even have their own babalawo tunes
babalawo mo wa be be
tra la la la

fstranger:
I don't mean to be a douchebag to anybody for no reason(s). I just graduated from a reputable school in Nj and i have a lot of friends from Penn state.There is a huge difference , in terms of reasoning, between penn state alumnis i know and omo eko.Her analytical skills is way too low for someone studying at Penn state. Look at the way she writes; no full stop, no comma and no semi colon , and you think she is at penn state? Hell no!!!