Access Bank acquires 78% stake in Botswana bank

October 13, 2021 Segun Odunewu 0

With the completion of its acquisition of a majority stake of about 78.15 per cent in African Banking Corporation of Botswana Limited, Access Bank Plc now has countries, after similar acquisitions in financial institutions domiciled in Zambia, South Africa, Mozambique, among others. The recent move which is in line with the Bank’s commitment to expanding its presence in the African Read More

Access Bank issues $500m Eurobond at 9.125%

October 4, 2021 Blessing Anaro 0

Nigeria’s biggest lender, Access Bank has issued a $500 million Eurobond, priced at 9.125 per cent, one of the book runners said Monday. The latest issue — a Basel-III compliant perpetual bond –the first of its kind for a Nigerian bank, is the second dollar-denominated bond for Access Bank in less than a month. Commenting on the transaction, the Group Read More

Access Bank, GTbank ‘B’ outlook remain stable, says Fitch Ratings

September 23, 2021 Segun Odunewu 0

Global ratings agency, Fitch Ratings has affirmed the long-term issuer defaulting rating of two of Nigeria’s lenders, Access Bank and Guaranty Trust Bank at ‘B’ and Viability Rating (VR) at ‘B’. The firm said the ratings were driven by the banks’ intrinsic creditworthiness, as defined by its ‘B’ Viability Rating. On Access Bank, the stable outlook reflects Fitch’s view that Read More

Zenith, Access Bank, GTB, 7 others reap big from e-banking fees

September 8, 2021 Segun Odunewu 0

Access Bank, GTB and Zenith Bank are among ten Nigerian banks that made immense profits from account maintenance and e-banking transactions fees in 2020, according to analyses of the banks reports. The other banks are First bank, Fidelity Bank, Sterling Bank, Wema Bank, Union Bank, United Bank for Africa, and First City Monument Bank. The banks it was gathered made Read More

Gains in income segment drives Access Bank earnings in H1, 2021

September 6, 2021 Segun Odunewu 0

Nigeria’s largest bank by customer base and total assets, Access Bank plc recorded significant growth in its earnings in the first six months of 2021 via the bank’s core income segment. According to its financial statements for the period under review, improvements in the bank’s funded business have continued to outperform its counterparts and deviate from the pattern recorded in Read More

Access Bank sustains profitability as PAT rises by 42.44% 1H

September 2, 2021 Amaka Ifeakandu 0

Access Bank Plc has recorded impressive result at the of half year result, as profit after tax grew by 42.44 per cent. The bank result released yesterday showed that the profit rose from N61.035 billion reported the same period of last year to N86.936 billion. The profit before tax also moved toward positive direction, increasing by 31.21 per cent to Read More

Access Bank’s USSD security advancement to protect customers against fraud

August 19, 2021 Blueprint 0

Access Bank Plc has introduced new USSD code, that allows customers to act swiftly to prevent fraudulent activities on their accounts. The service enables customers of all account types to deactivate a USSD profile by dialling 901911# from any phone, inputing the registered phone number for the account to be protected and this automatically locks out fraudsters from the individual’s Read More

Access Bank to reward more customers in new DiamondXtra promo

August 19, 2021 Segun Odunewu 0

Access Bank Plc is set to reward over 2,000 customers in the 13th season of its DiamondXtra promo to encourage savings culture and reward its loyal customers. The promo which kickoff over the weekend would feature its reoccurring salary for life, Business Grant, Free Rent, education grant and different cash prize categories from its monthly and quarterly draw. The bank Read More