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Tag: Access Bank

Access Bank nears final stages of National Bank of Kenya acquisition
News

Access Bank plans to tackle $81bn trade fiinance gap

Access Bank Plc has announced plans to host its inaugural Africa Trade Conference to address the $81bn annual trade finance gap on the continent. This was revealed in a statement on Wednesday. The conference, themed “Empowering Africa Through Trade, Innovation, and Sustainable Growth,” is set to take place in March in Cape Town, South Africa. […]

Access Bank nears final stages of National Bank of Kenya acquisition
News

Access Bank to acquire full stake in S’Africa’s Bidvest Bank

Access Holdings announced that its banking subsidiary, Access Bank Plc, has signed a binding agreement with South Africa’s Bidvest Group Limited to acquire a 100% equity stake in Bidvest Bank Limited. This was disclosed in a corporate filing with the Nigerian Exchange Limited by Access Holdings’ secretary, Sunday Ekwochi, on Thursday. Access Holdings stated that […]

Access Bank nears completion of National Bank of Kenya acquisition
News

Access Bank completes acquisition of Standard Chartered Bank in Angola, Sierra Leone

Access Holdings PLC has announced the successful acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited by its main subsidiary, Access Bank Plc. This milestone was confirmed through a disclosure on the Nigerian Exchange page, signed by the company secretary, Sunday Ekwochi, on November 27, 2024. The announcement follows a […]

Access Bank nears final stages of National Bank of Kenya acquisition
News

Access Bank denies allegation of missing funds

Access Bank Limited has rejected allegations of missing funds and unethical behavior, calling them untrue. In a statement, Access Bank acknowledged a viral video on social media alleging missing funds and unethical conduct. The bank denied the allegations, emphasizing that it prioritizes the security and safety of customers’ funds. The statement partly reads, “Our attention […]

Access Bank nears final stages of National Bank of Kenya acquisition
News

Access Bank to acquire Mauritius lender’s majority stake

Access Bank has announced an agreement to acquire a majority stake in Afrasia Bank Limited, the fourth-largest bank in Mauritius, with total assets of $5.7 billion as of mid-2024. The acquisition, disclosed in a corporate notice by Access Holdings Plc to the Nigerian Exchange Limited, on Thursday will allow Access Bank to leverage Mauritius as […]

Access Bank nears final stages of National Bank of Kenya acquisition
News

Access Bank plans US expansion in 2026

Access Bank has announced plans to enter the U.S. market by the first quarter of 2026, further solidifying its position as a leading African banking institution on the global stage. The Group Managing Director and CEO of Access Bank Plc, Mr. Roosevelt Ogbonna, announces on Monday that the financial institution is committed to expanding its […]

Access Bank nears final stages of National Bank of Kenya acquisition
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Access Bank secures license to establish operations in Namibia

Access Bank has received a provisional license from regulatory authorities in Namibia to set up a bank in the Southern African nation. The announcement was made in a statement to the Nigerian Stock Exchange, signed by the bank’s Head of Media Relations, Olakunle Aderinokun on Monday. Access Bank emphasized that its commercial banking operations in […]

Access Bank nears completion of National Bank of Kenya acquisition
News

Access Bank nears completion of National Bank of Kenya acquisition

Nigeria’s largest commercial bank with a market capitalization of ₦1.01 trillion, Access Bank is on the verge of acquiring the National Bank of Kenya from the KCB Group. The acquisition, which is pending final approval from the Central Bank of Kenya and the Competition Authority of Kenya, is expected to be finalized soon. While the […]

Access Bank nears final stages of National Bank of Kenya acquisition
Business

Access Bank acquires African Banking Corporation of Tanzania

Alex Omenye Access Bank has acquired African Banking Corporation of Tanzania Limited in a significant move to strengthen its footprint in East Africa. This acquisition marks a major step in the bank’s continent-wide expansion strategy. “This strategic move represents a notable step towards setting a railroad in Tanzania for intra-African trade within the East African […]

Access Holdco’s Hydrogen reports N161mn profit in 2023
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Access Holdco’s Hydrogen reports N161mn profit in 2023

The fintech subsidiary of Access Corporation, the parent company of Nigeria’s largest bank by assets, Hydrogen, reported profits of ₦161 million at the close of 2023. This marks the first time Hydrogen has recorded profits since its establishment in 2022, as indicated by Access Corporation’s full-year financial report. The payments company, which has been operational […]

Banking

Access Corporation post N612.4bn profits for 2023

Access Corporation, Nigeria’s largest finance holding company has reported a profit of N612 billion after tax, with a 300% increase when compared with that of the preceding year. This is the highest profit ever posted by the company, presided over by the late Herbert Wigwe. In the financial statements, Access Corporation reported  Gross Earnings of  […]

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