Tag Archives: Access Bank

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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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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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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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. 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 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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–Says Skye Bank Takeover Good For Sector Tayo Olanipekun Nigerian banks’ earnings will come under pressure and capital metrics will decline marginally over the next 12 to 18 months, Moody’s has said. It noted in its latest Nigeria Banking System Outlook that the sector’s asset quality will remain weak with deterioration in loan performance that is marginal as operating conditions …

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Leading digital money transfer service WorldRemit has partnered with Access Bank for instant money transfers to Access Bank accounts in Nigeria. The new partnership further expands WorldRemit’s presence in Nigeria, allowing its customers in over 50 countries to send money to millions of Access Bank accounts directly from their phones. Access Bank is a leading commercial bank in Nigeria, with …

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Executive Director, Information Technology and Operations, Access Bank Plc, Mr. Ade Bajomo has called on regulators in the financial services industry to understand financial technology (FinTech) for better regulation. FinTech is a new industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing services and cryptocurrency are examples of technologies aiming to make …

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Access Bank Plc has recorded a profit after tax of N39.625 billion for the half year ended June 30, 2018 from a profit of N39.459 billion recorded in 2017. The unaudited financial results for the half year (H1) ended showed an increase of 2.6 per cent in gross earnings to N253.024 billion from N246.575 billion in the corresponding period of …

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Access Bank Plc has raised $2.2 million (N800 million) to support vulnerable children during the finale of the annual Access Bank’s UNICEF Charity Shield Polo tournament in partnership with Fifth Chukker held at the prestigious Guards Polo Club, Windsor, United Kingdom. The lender sees the game of Polo as an avenue to deepen its commitment towards impacting the environment and …

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