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ACCESS BANK

Last update 16 days ago

Industry Finance | Banking (156)
Victoria Island, Nigeria
Workforce 5,001 - 10,000 employees Listed on NSE-Nigeria Symbol ACCESS

+234 1 271 2005 | +234 1 271 2007

Email contactcenter@accessbankplc.com Website


Access Bank Plc is a full service commercial Bank operating through a network of about 305 branches and service outlets located in major centres across Nigeria, Sub Saharan Africa and the United Kingdom. Listed on the Nigerian Stock Exchange in 1998, the Bank serves its various markets through 4 business segments: Personal, Business, Commercial and Corporate & Investment banking.

The Bank has over 830,000 shareholders including several Nigerian and International Institutional Investors and has enjoyed what is arguably Africa's most successful banking growth trajectory in the last ten years ranking amongst Africa's top 20 banks by total assets and capital in 2011.

As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible and socially relevant.

Our History

Over the past 26 years, Access Bank Plc. has evolved from an obscure Nigerian Bank into a world-class African financial institution. Today, we are one of the five largest banks in Nigeria in terms of assets, loans, deposits and branch network; a feat which has been achieved through a robust long-term approach to client solutions – providing committed and innovative advice.

Access Bank has built its strength and success in corporate banking and is now applying that expertise to the personal and business banking platforms it acquired from Nigeria’s International Commercial bank in 2012. The next two years were spent integrating the business, investing in infrastructure and strengthening the product offer.  

As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible, and socially relevant.

The Beginning (1988 - 2001)

  • December 19, 1988
    Access Bank was issued a banking licence
  • February 8, 1989
    Access Bank was incorporated as a privately owned commercial bank
  • May 11, 1989
    Access Bank commenced operations at its Burma Road, Apapa Head Office
  • March 24, 1998
    Access Bank became a Public Limited Liability Company
  • November 18, 1998
    Access Bank was listed on the Nigeria Stock Exchange
  • February 5, 2001
    Access Bank obtained a Universal Banking License from the CBN

The Change

In March 2002, the Board of Directors appointed Aigboje Aig-Imoukhuede as Managing Director/Chief Executive Officer and Herbert Wigwe as Deputy Managing Director. The mandate was clear: Reposition the bank as one of Nigeria's leading financial institutions within a five year period (March 2002 to March 2007). This task was perceived by many as impossible given the realities of the Bank at the time.

Simultaneously, Mr. Gbenga Oyebode, who brought commendable and useful board experience gathered from some of Nigeria's leading companies, including MTN Nigeria, Okomu Oil Palm Plc, was also appointed to the Board. The new management team subsequently created a transformational agenda for Access Bank which represented a departure from all that characterized the Bank in the past and became the road map for the conversion of the bank into a world class financial institution.

The impact of the transformation agenda was reflected in the first year. The bank grew its balance sheet by 100% and posted an impressive N1 billion profit before tax. The profit before tax figure was more than the cumulative profit made by the bank in the previous 12 years. This also marked the beginning of what would be a six year record triple-digit growth trend. Similarly, earnings per share had rebounded to 21 kobo from a negative 2 kobo position, leading to a declaration of a 5 kobo dividend to shareholders for the first time in three years.

In recognition of the role of an enhanced capital structure, the Bank embarked on a capital raising exercise in July 2007. The exercise was an astounding success recording an over subscription of over 300%. The public offer comprised of an Over-The-Counter GDR placement of US$250 million which was similarly oversubscribed by 700%. The Bank's shareholders fund today stands at over N240 billion with an expanded shareholder base of over 1,000,000 domestic and foreign investors.

Access Bank is consistently seeking for ways to expand its service platform across the African continent. The bank currently operates through a network of about 366 branches across major cities and commercial centers in Nigeria, Gambia, Sierra Leone, Zambia, Rwanda and Democratic Republic of Congo.

2014

  • Won risk management award by Conrad Clark Nigeria in collaboration with Business Day and the UK Institute of Risk Management
  • Designated ‘A Significant Important Financial Institution’ by the Nigerian Central Bank
  • Major IT improvement programme roll-out: migration from Flexcube to Oracle 11g Database Technology
  • Emerged as the overall winner in the ‘Credit Card Product of the Year’ category at the annual Card and e-Payment Africa Awards ceremony

2013

  • Articulated the next 5-year rolling plan with a clear objective of becoming the ‘World’s Most Respected African Bank by 2017’
  • Achieved AA- credit rating from S&P (one of the best among tier-1 banks in Nigeria)
  • Resolved post-merger integration issues
  • Divested from non-banking subsidiaries

2012

  • Access Bank and Intercontinental Commercial Bank (ICB) merger judged Africa`s top M&A deal of the year
  • Judged ‘Best Bank in West Africa’ by the African Banker
  • Completed recapitalization of ICB
  • Revised corporate philosophy; new aim to become ‘Africa’s most respected Bank’
  • Partnered with Friends Africa to implement SME Workplace Policy in Sub-Saharan Africa
  • Ranked fourth largest bank as a result of the ICB acquisition
  • Listed on London Stock Exchange (LSE)
  • Successfully raised US$350million Eurobond

2011

  • Judged the ‘Sustainable Bank of the Year for Africa and Middle East’ by Financial Times and the IFC
  • Received the business in the community ‘Big Tick Award’

2010

  • Awarded the ‘Most Socially Responsible Bank in Africa’ award from the African Banker Magazine
  • The IFC Global Trade Finance Program rated Access Bank as the ‘Most Active GTFP Issuing Bank in Africa’
  • Launched  e-learning portal
  • Declared the ‘Best Clearing Bank in Oshogbo Clearing zone 2009’ (Oshogbo Branch) at the Maiden edition of Oshogbo CBN award night
  • Final of Mirror the Master Art Competition held in Lagos
  • Held the SME Work Place Policy Programme in Lagos, Enugu, and Minna

2009

  • Launched its ‘Going Green’ campaign in Lagos and Abuja
  • Signed the Convention on Business Integrity Treaty
  • Access Bank UK Limited won Adam Smith Award for Best Practice and Innovation
  • Adopted Equator principle for CSR
  • Adopted the International Financial Reporting Standard
  • First Nigerian Bank to voluntarily establish an Ombudsman Office
  • 3rd Bank in Nigerian banking industry to adopt IRS Account reporting style in addition to GAAP

2008

  • Successfully concluded third Public Offer, raising over US$1billion (3.5 times oversubscribed).

2007

  • First Nigerian Bank to introduce and commence the use of Visa Credit Cards in Nigeria
  • First Nigerian Bank to obtain EMV certification for multicard ATM service platform
  • First Nigerian Bank to receive funding from the Belgian Investment Company Fund for developing countries
  • Implemented the Bond Index Tracker

2006

  • Launched suite of wealth management products for high-net-worth customers
  • Launched MPower Biz Account, designed to empower SME business owners, the Bank's flagship retail product
  • Launched first Nigerian online car leasing service ’Auto online’
  • The first Nigerian Bank to partner with the International Finance Corporation(IFC), an arm of the World Bank, for the introduction of the IFC’s Gender Empower Programme
  • Appointed Primary Dealer/Market Maker for government bonds by the Debt Management Office (DMO)
  • The first Bank in Nigeria to receive US$15 million convertible investment from the IFC
  • Appointed as a Settlement Bank by the Central Bank of Nigeria

2005

  • Acquired Capital Bank and Marina Bank via merger by absorption and completed integration within 60 days
  • Netherlands Finance Company (FMO) US$15million Investment in Access Bank listed on the NSE

2004

  • Raised over N14.5 billion in successful Public Offer, recording 133% oversubscription
  • Received the Hewlett Packard Award for the best implementation of a core banking application (Flexcube 6.2) in West Africa
  • Selected as one of the seven banks to disburse the European Investment Bank's N50 million SME facility

2003

  • Determined the most actively traded stock on Nigeria Stock Exchange Market
  • Recorded N1 billion PBT (exceeds cumulative profit for the last 12 years)

2002

Aigboje Aig-Imoukhuede was appointed Managing Director/Chief Executive Officer and Herbert Wigwe, Deputy Managing Director, with a mandate to move the bank from 65th position to top 10 by 2007

 

BOARD

H... W...

Managing Director
Effective 3 years ago

Appointed to the board 15 years ago
ACCESS BANK
Nigeria - Finance | Banking
Managing Director
Effective 3 years ago

Appointed to the board 15 years ago

Deputy Managing Director
2002 - Unknown

NIGERIA MORTGAGE REFINANCE COMPANY
NMRC
Nigeria - Financial Services
Non-Executive Director
Ongoing

32 relationships

M... B...

Chairman
Effective 2 years ago

R... O...

Deputy Managing Director
Effective 7 months ago

Appointed to the board 4 years ago
ACCESS BANK
Nigeria - Finance | Banking
Deputy Managing Director
Effective 7 months ago

Appointed to the board 4 years ago

Executive Director, Commercial Banking
2013 - 2017

G... O...

Executive Director, Risk Management
Effective 10 months ago
ACCESS BANK
Nigeria - Finance | Banking
Executive Director, Risk Management
Effective 10 months ago

General Manager And Chief Risk Officer
2010 - 2016

CRC CREDIT BUREAU
Nigeria - Financial Services
Non-Executive Chairman
Effective 3 months ago

Appointed to the board 3 years ago

34 relationships

A... M...

Non-Executive Director
Ongoing

Appointed to the board 1 year ago

T... O...

Executive Director, Business Banking
Effective 4 years ago

V... E...

Executive Director, Personal Banking
Effective 5 years ago

O... O...

Executive Director, Operations And Information Technology
Effective 4 years ago, and will leave on june 2018

A... O...

Non-Executive Director
Ongoing

Appointed to the board 6 years ago

E... N...

Independent Non-Executive Director
Ongoing

Appointed to the board 4 years ago

A... A...

Independent Non-Executive Director
Ongoing

Appointed to the board 4 years ago

P... U...

Non-Executive Director
Ongoing

Appointed to the board 3 years ago

I... T...

Independent Non-Executive Director
Effective 8 months ago
ACCESS BANK
Nigeria - Finance | Banking
Independent Non-Executive Director
Effective 8 months ago


SOLOLA & AKPANA
Nigeria - Legal services
Partner, Corporate And Commercial Law, Construction And Real Estate
Ongoing

24 relationships

A... A...

Independent Non-Executive Director
Effective 8 months ago

Left the company less than a year ago

N... E...

Non-Executive Director
Left 3 months ago

Appointed to the board 12 years ago

E... I...

Executive Director, Corporate And Investment Banking
Left 10 months ago
FIRST ALUMINIUM NIGERIA
Nigeria - Metal & Steel
Chief Executive Officer
Effective 9 months ago


ACCESS BANK
Nigeria - Finance | Banking
Executive Director, Corporate And Investment Banking
Left 10 months ago

Executive Director
2013 - 2017

ACCESS BANK GHANA
Ghana - Finance | Banking
Non-Executive Director
Unknown - 2016

ZENITH BANK
Nigeria - Finance | Banking
Executive Director
Unknown - 2013
28 relationships

O... D...

Deputy Managing Director And Chief Operating Officer
Left 7 months ago
ACCESS BANK
Nigeria - Finance | Banking
Deputy Managing Director And Chief Operating Officer
Left 7 months ago

Executive Director
2013 - 2017
Director, Retail Banking
Unknown - 2013

ACCESS BANK GHANA
Ghana - Finance | Banking
Non-Executive Director
Left 7 months ago


WAPIC INSURANCE
Nigeria - Finance | Insurance
Non-Executive Director
Unknown - 2012
39 relationships
MANAGEMENT

J... D...

Head, Upstream Oil And Gas
Ongoing
ACCESS BANK GHANA
Ghana - Finance | Banking
Non-Executive Director
Ongoing

Appointed to the board 1 year ago


ACCESS BANK
Nigeria - Finance | Banking
Head, Upstream Oil And Gas
Ongoing

39 relationships

P... B...

Chief Conduct And Compliance Officer
Effective 13 years ago

A... M...

Head, Corporate Communications
Effective 3 years ago

Left the company less than a year ago

D... O...

Chief Data Officer
Left 7 months ago
ACCESS BANK GHANA
Accra, Ghana
Finance | Banking

ACCESS BANK RWANDA
Kigali, Rwanda
Finance | Banking

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