Access Bank plc

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Access Bank PLC
Company type Public
NGX:  ACCESSCORP
Industry Banking
Founded1989
Headquarters14/15, Prince Alaba Abiodun Oniru Road, Victoria Island, Lagos, Lagos State, Nigeria
Key people
Mr. Paul Usoro SAN, Chairman
Products Loans, Credit Cards, Savings, Investments, Mortgages
RevenueIncrease2.svg US$1,419 million (NGN:514 billion) (Sept 2019)
Total assets US $25.5 billion (NGN: 10.055 trillion) (2021)
Number of employees
28,121
Website www.accessbankplc.com
Access Bank branch at Kola bus stop, opposite AIT road, Alagbado, Lagos. Fine coat, Kola, Lagos 14 18 11 971000.jpeg
Access Bank branch at Kola bus stop, opposite AIT road, Alagbado, Lagos.

Access Bank Plc, commonly known as Access Bank, is a Nigerian multinational commercial bank, owned by Access Bank Group. It is licensed by the Central Bank of Nigeria, the national banking regulator. [1]

Contents

Originally a corporate bank, they expanded into personal and business banking in 2012. Access Bank and Diamond Bank merged on 1 April 2019. In conclusion of its merger with Diamond Bank, Access Bank unveiled its new logo, signalling the commencement of a new enlarged banking entity. The bank employs more than 28,000 people in 2021. [2]

After the merger, with more than 52 million customers, Access Bank became the largest bank in Africa by customer base, and the largest bank in Nigeria by assets.

Access Bank Group

As of September 2021, in addition to Nigeria, Access Bank plc has subsidiaries in Mozambique, Zambia, Congo, Sierra Leone, Rwanda, Gambia, Ghana, Kenya, South Africa, and in the United Kingdom. [3] Access Bank Group also maintains representative offices in China, India, Lebanon and United Arab Emirates.

Overview

Access Bank plc is a large financial-services provider. In June 2021, the bank had an asset base in excess of US $25,5 billion (NGN: 10,055 trillion), and shareholders' equity valued at approximately US$1.87 billion (NGN: 775 billion). [4] (Note that US $1.00 = NGN 413 on 1 November 2021.)

Costumers of Access Bank Plc withdrawing Money in Nigeria. Access Bank ATM Gallery, Nigeria.jpg
Costumers of Access Bank Plc withdrawing Money in Nigeria.

History

The bank received its license from the Central Bank of Nigeria in 1989, and listed on the Nigerian Stock Exchange in 1998.

Locations

Access Tower, 14/15, Prince Alaba Oniru Road, Oniru, Lagos, Nigeria. AccessBank-Lagos-Headquarters-Nigeria.jpg
Access Tower, 14/15, Prince Alaba Oniru Road, Oniru, Lagos, Nigeria.

The bank's headquarters is located at 14/15, Prince Alaba Abiodun Oniru Road, Victoria Island, Lagos, Lagos State, Nigeria in the city of Lagos, the most commercial city of Nigeria. The coordinates of the bank's headquarters are: 6.4333751, 3.4453135. [15]

CSR

In October 2024, the bank launched a platform called The Power of 100 Africa initiative to celebrate women across Africa who have blazed trails in education, business, technology, healthcare, social work and other important sectors of the economy. [16]

Awards

It was named the Consumer Finance Product of the Year in 2024 by the Middle East & Africa Retail Banking Innovation Awards. [17] [18]

It was also named the Nigeria's Best Bank in 2024 by the Euromoney Awards. [17]

See also

References

  1. CBN (15 April 2016). "List of Financial Institutions: Commercial Banks". Abuja: Central Bank of Nigeria (CBN). Retrieved 15 April 2016.
  2. "Our History". Access Bank Group. Retrieved 1 November 2021.
  3. "INTERVIEW WITH DR. HERBERT WIGWE, GROUP MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER, ACCESS BANK PLC". International Banker. Retrieved 26 September 2021.
  4. ABP (16 March 2016). "Audited Results for the Year Ended December 31, 2015" (PDF). Lagos: Access Bank Plc (ABP). Archived from the original (PDF) on 1 June 2016. Retrieved 15 April 2016.
  5. Isenged, Walter (19 May 2009). "Burundi: Finbank to Be Named Access Bank". East African Business Week (Kampala). Retrieved 9 March 2018.
  6. FBB (14 April 2016). "FinBank Burundi: About Us". Bujumbura: FinBank Burundi (FBB). Retrieved 14 April 2016.
  7. "Access Bank Acquires Majority Stake In Intercontinental". Modern Ghana. Retrieved 9 March 2018.
  8. NFA News (17 October 2011). "Access Bank Completes Take Over of Intercontinental Bank". The Nigerian Voice. Lagos. Retrieved 15 April 2015.
  9. "Access Bank completes Intercontinental Bank's acquisition". nigeriabusinesscommunities.com. Retrieved 9 March 2018.
  10. "Former Bank Chief To Refund Over $1bn To Access Bank". Archived from the original on 21 June 2017.
  11. Tony (16 December 2018). "Breaking: Access Bank acquires Diamond Bank". Vanguard News Nigeria. Retrieved 18 December 2018.
  12. Okogba, Emmanuel (17 December 2018). "Diamond Bank confirms merger with Access Bank". Vanguard News Nigeria. Retrieved 18 December 2018.
  13. Morris Kiruga (22 January 2020). "Nigeria's Access Bank acquires Kenya's Transnational Bank — and its murky past". Paris, France: The Africa Report. Retrieved 5 October 2020.
  14. Oladeinde Olawoyin (30 September 2020). "Nigeria: Access Bank to Become Holding Company - Moves Into South African Market" (via AllAfrica.com). Premium Times . Abuja. Retrieved 5 October 2020.
  15. "Location of the Headquarters of Access Bank Plc" (Map). Google Maps . Retrieved 1 March 2020.
  16. Partners, N. M. (30 October 2024). "Access Bank launches 'Power of 100 Africa' to celebrate trailblazing women across the continent". Nairametrics. Retrieved 30 October 2024.
  17. 1 2 "Our Awards | Access Bank". www.accessbankplc.com. Retrieved 14 October 2024.
  18. "Middle East and Africa Retail Banking Innovation Awards 2025 - The Digital Banker" . Retrieved 14 October 2024.