First Bank of Nigeria Plc: Proposed Investment in Banque International De Credit (BIC)
Category: Investors NewsBeat
October 13, 2011
The Bank has notified The Exchange that following its intention to acquire a 75% equity interest in Banque International de Credit (BIC), a leading commercial bank in the Democratic Republic of Congo (DRC); it is pleased to inform The Exchange and the market that, it has received regulatory approvals for the transaction from the Central Banks of both Nigeria and DRC.
Consequently, a Completion Meeting was held on Tuesday, October 11, in Lagos, following which First Bank of Nigeria Plc.’s ownership of BIC became effective.