Tag Archives: Access Bank

Merger: Access, Diamond Mobile Apps To Run Side-By-Side

Customers are at the centre of the Access Bank, Diamond Bank merger to create a leading outfit. Diamond Bank customers will lose nothing under the new arrangement. Access Bank will bring to bear on the deal its commitment to customers, financial inclusion, sustainability, corporate expertise and strong balance sheet. Both banks’ Mobile Apps will run side-by-side until when they become …

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Access Bank Plc Set To Issue First Corporate Bond In Africa

Access Bank Headquarter Building

Following approval of its book build by the Securities and Exchange Commission (SEC), Access Bank Plc is set to issue the first corporate green bond in Africa. The book build commenced today, Thursday, February 21, 2019 and will be concluded in exactly one week, after which the funding of commitment will begin on Friday, March 1, 2019. The Bond, a …

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Access Bank And Diamond Bank Proposed Merger To Create Africa’s Largest Retail Bank By Customers

The Boards of Access Bank Plc (“Access Bank”) and Diamond Bank Plc (“Diamond Bank”) today announce that they have received “No Objection” from the Central Bank of Nigeria (“CBN”) regarding a potential merger between the two banks, which is expected to complete in the first half of 2019. Transaction completion is subject to Access Bank and Diamond Bank obtaining shareholder …

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SEC Awaits Access Bank, Diamond Bank Merger Application

SEC

The Securities and Exchange Commission (SEC) has been notified of the proposed merger between Access Bank Plc and Diamond Bank Plc. Confirming the development on Monday, SEC explained that the agency was aware of the intention of Access Bank and Diamind Bank to go into a merger, adding that “It is a notice to merge, they have not merged yet. …

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Accountant Slams N100million Suit On Access Bank Over Breach Of Contract

court

A Federal high court sitting in Lagos south west Nigeria has adjourned till 20th of January 2019,a N100 Million breach of contract suit instituted by a Chartered Accountant Dr Patrick Ayo Akinyelure against Access bank Plc. Advertisement Joined as co-defendant is United Securities Limited. In a statement of claim filed before the court by the law firm of Onu, Uduma …

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Access Bank Grows Q3 Earnings To N375bn

Access Bank

Access Bank Plc has announced top line earnings of ₦375.2 billion for the nine months ended 30 September 2018, up 3% from N365.1 billion recorded during the corresponding period in 2017. The Bank’s Profit after Tax (PAT) increased 12% to ₦62.9 billion from ₦56.4 billion of which subsidiary contribution increased to 32%, from 15% from the corresponding period. The asset …

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