Business
Intercontinental Bank Promotes 653
Intercontinental Bank Plc has announced the promotion of 653 members of staff in recognition of their hard work.
Also, 171 employees were disengaged based on poor performance and disciplinary issues.
In a statement, the management said the promotion exercise cuts across all departments and grades and is significant in the sense that it was the first to be conducted after the Central Bank of Nigeria (CBN) intervention in August 2009.
The management noted the exit exercise late last year in which a significant portion of the top management of the bank had to leave. The current promotion exercise is to reward outstanding performance especially those, who have worked hard to ensure the progress and stability the bank has achieved today.
The management wishes to use this opportunity to thank all its stakeholders for their support during the year and look forward to greater successes in 2011.