May 6, 2021
  • May 6, 2021

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Grobank now Access Bank South Africa after Nigeria lender’s completes acquisition process

by on May 5, 2021 0
Nigeria’s Access Bank Plc on Wednesday said it has completed all regulatory procedures on the acquisition of South Africa’s Grobank Limited and officially renamed the bank Access Bank South Africa Limited. In a statement, Nigeria’s biggest bank by customers said the deal was finalised after Access Bank’s acquisition of controlling shares in the former... Read More

Access Bank grows earnings, nets N60 bln profits in Q1

by on April 30, 2021 0
Access Bank Plc grew its gross earnings by six percent in the first quarter of 2021 to N222.1 billion compared with N202.8 billion in the corresponding period of last year. The lender in a regulatory filing said Profit Before Tax (PBT) rose by 30 percent to N60.1 billion, from N46.2 billion, while Profit After... Read More

Access Bank chief says banks are not indebted to telecoms firms

by on April 9, 2021 0
Nigerian banks are not indebted to MTN Nigeria and other telecom companies for using telecommunication platforms to provide payment services, a bank chief executive said. “There is no such thing as an obligation due from banks to telcos,” Herbert Wigwe, chief executive officer of Access Bank Plc, said on an investor call in Lagos. “We... Read More

Nigeria’s Access Bank concludes acquisition of Cavmont Bank in Zambia, to streamline operations with local unit

by on January 6, 2021 0
By Samuel Bankole Nigeria’s Access Bank on Wednesday said its Zambian unit has concluded the acquisition of Cavmont Bank Limited after regulatory approvals in the East African country. In a regulatory filing, Access Bank said the merger of Cavmont Bank into Access Bank Zambia “is expected to take place before the end of January.”... Read More