Access Bank

ABOUT US

 

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.

Corporate Philosophy

Our mission

Setting standards for sustainable business practices that; unleash the talents of our employees, deliver superior value to our customers and provide innovative solutions for the markets and communities we serve.

Our core values

  • Leadership
  • Excellence
  • Empowered employees
  • Passion for customers
  • Professionalism
  • Innovation

 

Corporate Profile

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.

Corporate Governance

INTRODUCTION

Access Bank Plc (‘the Bank’) recognizes that good corporate governance is fundamental to earning and retaining the confidence and trust of its stakeholders. It provides the structure through which the objectives of the Bank are set and the means to attaining those objectives.

The Codes of Corporate Governance for Banks in Nigeria Post Consolidation issued by the Central Bank of Nigeria, the Securities and Exchange Commission’s Code of Best Practice and Access Bank’s Principles of Corporate Governance collectively provide the basis for promoting sound corporate governance in the Bank. The Bank’s subsidiary entities are guided by these principles in their governance frameworks and also meet the requirements of their respective jurisdictions to ensure local compliance. The Group’s governance framework helps the Board to discharge its role of providing oversight and strategic counsel in balance with its responsibility to ensure conformance with regulatory requirements and acceptable risk.

Compliance with all applicable legislation, regulations, standards and codes is an essential characteristic of the Bank’s culture. The Board monitors compliance with these by means of management reports, which include information on any significant interaction with key stakeholders.

GOVERNANCE STRUCTURE

Shareholders’ Meeting: Shareholders meetings are duly convened and held in line with the Bank’s Articles of Association and existing statutory and regulatory regimes in an open manner, for the purpose of deliberating on issues affecting the Bank’s strategic direction.

This occurs through a fair and transparent process and also serves as a medium for fostering interaction between the Board, Management and Shareholders. Attendance at the Annual General Meeting is open to shareholders or their proxies while proceedings at such meetings are usually monitored by members of the press, representatives of the Nigerian Stock Exchange, Central Bank of Nigeria and Securities and Exchange Commission. The Board ensures that shareholders are provided with adequate notice of the Meeting. An Extraordinary General Meeting may also be convened at the request of the Board or Shareholders holding not less than 10% of the Bank’s paid- up capital.

OUR BUSINESSES

The Group’s main business activities are organised along four customer segments, each served by Strategic Business Units (“SBUs”) as follows:

Corporate and Investment Banking

The Corporate and Investment Banking SBU focuses on multinational, well-structured large local and foreign owned companies with minimum annual turnover of ₦20 billion and with risk rating falling within a specified limit, as well as financial institutions in the banking, capital markets, pensions and insurance sub-sectors. The Corporate and Investment SBU’s sector focus include the cement and construction, communications, manufacturing, upstream oil and gas, and financial institutions sectors, and selective focus in the downstream oil & gas, power, transportation, agriculture and real estate sectors. The Corporate and Investment Banking SBU’s Financial Markets unit offers clients a wide range of financial services including treasury (trading in fixed income and currency products), corporate finance, project finance and structured finance (acquisition and leveraged finance services).  This division is also responsible for the Group’s relationships with domestic and international financial institutions (including Development Finance Institutions (“DFIs”).

Commercial Banking

The Commercial Banking SBU focuses on incorporated companies with turnover of ₦1 billion and above (excluding companies that meet Corporate and Investment Banking SBU customer criteria), Federal Government ministries, departments and agencies, as well as state and local governments. The Commercial Banking SBU’s target market includes companies that are within the Corporate and Investment Banking value chain, as well as Federal, State, and Local Governments. Specific target customers include Asian companies in key sectors/industries and select states/cities, manufacturing companies, consumer, hospitality and lifestyle companies and contractors in select sectors (Oil and Gas, Construction and Real Estate).

Business Banking

The Business Banking SBU focuses on companies and small and medium enterprises (“SMEs”) with annual turnover of not more than ₦1 billion. The Business Banking SBU’s target market model focuses on the implementation of a [holistic] SME partnership and advisory programme while extending its global facility framework to cover the SME segment of the value chain of selected Access Bank corporate and commercial banking customers.

Personal and Private Banking

The Personal Banking section of the SBU focuses on affluent professionals, employees in the value chain of the Group’s corporate clients, as well as students, pensioners, employees of religious organizations and informal traders, while the Private Banking section focuses on High Net-worth Individuals (HNI) and Ultra-High Net-worth Individuals (UHNI).

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Ratings

  • 2017 Bank Ratings
  • 2014 Bank Ratings
  • 2013 Bank Ratings
  • 2009 Bank Ratings
  • 2008 Bank Ratings
  • 2007 Bank Ratings