—Hails Outgoing CEO Henry Saamoi for Exemplified Leadership
IPNEWS: Authorities of the International Bank of Liberia, (IBLL), has rubbished recent media reports of ‘sale out’ which sparked concerns from many of its customers.
In response to the unsubstantiated media, the International Bank Liberia, in a statement issued in Monrovia over the weekends assured its valued customers that the Bank remains in a very stable financial position.
“This is indicated by our most recent audited accounts, which are published publicly on our website. However, as always, the wellbeing of our customers remains our utmost priority, so if you do have any questions or concerns, please do not hesitate to reach out or visit us at one of our breaches.” International Bank Statement read.
Last week, so media reports suggested that the International Bank was out for sale.
One of the reports alleged that despite the Bank’s booming transactional activities, the situation did not appear good, according to a so-called leaked Crowe Liberia LCC audited financials for 2022, which unsubstantiated that has prompted shareholders to put the bank up for sale at US20 million, representing their capital.
Meanwhile, the International Bank of Liberia has lauded its outgoing Chief Executive Officer, Mr. Henry Saamoi for his exemplified leadership while serving as its CEO.
The Banks note with high enthusiasm that Mr. Saamoi tenure at the Central Bank of Liberia shall be a remarkable experience as he completes his tenue of service with the International Bank of Liberia as of May 2024.
“When he became CEO in 2012, the bank’s total assets stood at 88,655,506 US dollars and was in rented buildings. He left the total assets at 201,073,999 US dollars with three buildings of its own constructed, one of which is the state-of-the-art headquarters between 11th and 12th Streets.”
“He also left it as the only foreign owned bank with 100% Liberian employment with a youngish leadership team. IBLL currently has the lowest non-performing loan ratio among banks in the country at 6%, according to the Central Bank of Liberia data.”
“The Bank is quite solvent and there is absolutely no need for panic. It made a profit of 1,889,000 US dollars in 2023 despite having to construct its own headquarters. IB is regularly audited as per CBL requirements, and the audit reports are on its website for all to see.” The International Bank statement clarified.
