Temitope Adebayo Access Bank Plc said that it has signed a Subordinated Syndicated Loan Agreement totalling $162.5 million. The facility, was said to been arranged by FMO, the Dutch development bank, and was provided together with BIO (Belgian Investment Company for Developing Countries SA/NV), Blue Orchard Microfinance Fund, CDC Group plc, DEG (Deutsche Investitions- und […]
Shareholders of Access Bank Plc and Diamond Bank Plc on Tuesday unanimously gave the nod to a merger between the two commercial lenders. The merger, which will make Access Bank the biggest bank in Africa, received a boost when investors of both banks at a Court Ordered Meeting (COM) held yesterday in Lagos gave their […]
As part of its merger benefits to customers, Diamond Bank, Nigeria’s leading retail Bank has introduced PayDay Loan to ease the financial burden of customers. PayDay Loan is an instant salary advance service available to all customers who have their salary accounts in Diamond Bank. This service is quick, convenient and does not require any […]
In recognition of its exploits and outstanding success in Corporate Social Responsibility and Business Sustainability, Access Bank Plc. emerged the biggest winner with four awards, including the most responsible business in Africa at the annual SERAS CSR Awards. Access Bank also won other categories such as the Best Partnership for Development, Best Corporate Communications Team […]
A week ago, I stumbled on an article titled “Africa and the burden of Leadership” (The Guardian, Nov. 7), written by Aigboje Aig-Imoukhuede, banker, investor and entrepreneur, former Managing Director of Access Bank Nigeria, our compatriot. The piece was actually excerpted from a speech he delivered at the graduation ceremony of government and public policy […]
Access Bank Plc has announced N39.63 billion profit in audited half year (H1) result and accounts for the period ended June 30, 2018. The financial institution had reported N39.46 billion half year result and accounts for the period ended June 30, 2017. Amid steady performance in profit, the management of Access Bank proposed N0.25 interim […]
No fewer than 13 commercial banks operating in the country have realised a whopping N96.7 billion from maintaining customers’ accounts in 2017, against N84 billion raked in the previous year from charges on customers with, current and term deposit. This translates into a 14.8 per cent increase the 13 banks recorded in maintaining customers’ accounts […]
The Economic Intelligence Group of Access Bank says it sees inflation rate (year-on-year) in April to sustain the downward trend started last year, easing to 12.56 per cent compared to 13.34 per cent in March. The lender said though the National Bureau of Statistics (NBS) is scheduled to release the inflation figure for April 2018 […]
Access Bank Plc has released its unaudited financial results for the first quarter (Q1) ended March 31, 2018 showing an increase of 19% in gross earnings to N137.5 billion from N116 billion in the corresponding period of March 2017, with interest income and non-interest income contributing 70% and 30% respectively. The Bank recorded a Profit […]
As Treasury-bill rates continue to fall, while asset yields are trending south, making it almost impossible to re-price liabilities to match, banks operating in Nigeria have been warned to either find other sources of income or face an average of 15 per cent drop in their Profits Before Tax (PAT) expectation for 2018. It is […]
The GBCHealth’s Corporate Alliance on Malaria in Africa (CAMA) alongside the Private Sector Malaria Prevention Project (PSMP) at John Hopkins Center for Communication, UK Aid and the National Malaria Control Programme of the Ghana Health Services, have conferred the ‘Innovation Award’ on Access bank and other significant awards to four other organisations for their roles […]
*As CBN directs banks to set aside 5% PAT for scheme * ‘Scheme designed to support FG’s efforts at promoting agro business, SMEs’ Five commercial banks, Access Bank Plc, Guaranty Trust Bank Plc (GTBank), First City Monument Bank Holdings Plc, Stanbic IBTC and Zenith Bank Plc, have supported the Central Bank of Nigeria (CBN)’s Agri-Business/Small […]
No fewer than six commercial banks accounted for total lending of N10.4 trillion to their customers as at December 31, 2017, representing growth of 0.6 per cent from N10.37 trillion loans granted to customers in 2016. The Deposit Money Banks (DMBs) include Access Bank, Guaranty Trust Bank Plc (GTBank), Ecobank Transnational International (ETI) and Zenith […]
Access Bank Nigeria Plc has disclosed that Stanbic IBTC Nominees Limited hold substantial interest in the company standing over 15 per cent. According to the bank , in a statement released by the NSE, Stanbic IBTC Nominees Limited has a unit holdings of 5,316,785,890, accounting for 18.39 e cent holdings in the bank. The statement […]
…becomes first Nigerian bank to introduce policy Starting January 2018, male employees of Access Bank Plc can take advantage of an enhanced parental leave policy that extends paid benefits to all mothers and fathers. Fostering an inclusive workplace, the policy offers paid leave to all new parents at the Bank including mothers and fathers, as […]
Consistent with its reputation for adopting best practices in all facets of its operations, Access Bank Plc has upgraded its customer service function, Ombudsman, for the purpose of resolving service issues between the Bank and its customers. The Ombudsman is an Alternate Dispute Resolution (ADR) platform wherein an aggrieved customer of the Bank may lodge […]
…enhances customer service upgrades Consistent with its reputation for adopting best practices in all facets of its operations, Access Bank Plc has upgraded its customer service function, Ombudsman, for the purpose of resolving service issues between the Bank and its customers. The Ombudsman is an Alternate Dispute Resolution (ADR) platform wherein an aggrieved customer of […]
Access Bank Plc has announced the appointment of Mr. Adeolu Bajomo as Executive Director, Information Technology and Operations. His appointment, which has received regulatory approval, follows the resignation of Mrs. Ojinika Olaghere. According to a statement by the bank and made available to The Daily Times, Bajomo is a globally focused financial services industry executive […]
Access Bank Plc has upgraded its Mobile and Internet banking platforms to provide an Omnichannel experience alongside a range of new and exciting features. The Omnichannel experience simply means customers of the 2017 Karlsruhe Outstanding Business Sustainability Award winner would enjoy a seamless and consistent interaction with the Bank across multiple channels. With this new […]
Zimbabwe’s central bank has ordered that the bank accounts of two top allies of ousted President Robert Mugabe be frozen, the state-owned Herald newspaper reports. In a directive sent to the country’s financial institutions, it ordered them to “identify and freeze” all accounts run by former government ministers Jonathan Moyo and Saviour Kasukuwere. The two […]