View source for Company:Access Bank plc

{{Infobox company
| name  = Access Bank plc
| logo  =https://www.accessbankplc.com/templates/accesshub-inner/img/logo.png 
| type  = [[Finance:Public company|Public]]: NSE: '''ACCESS'''
| key_people =  Mosun Belo-Olusoga, [[Social:Chairperson|Chairperson]]; Herbert Wigwe''', Group Managing Director and Chief Executive Officer
| industry  = [[Finance:Banking|Banking]]
| products  = Loans, Credit Cards, Savings, Investments, Mortgages
| revenue  = {{profit}} US$298 million (NGN:59 billion) (2015)
| assets = US$12.2+ billion (NGN:2.412 trillion) (2015)
| num_employees = 9,000+ (2012)
| foundation = 1989
| location  = Plot 999c, Danmole Street off Adeola Odeku/Idejo Street, Victoria Island, [[Place:Lagos|Lagos]], Lagos State, Nigeria
| homepage  = [http://www.accessbankplc.com/ Official site]
}}

'''Access Bank plc''', commonly known as '''Access Bank''', is a Nigerian [[Finance:Multinational corporation|multinational]] [[Finance:Commercial bank|commercial bank]], owned by Access Bank Group. It is licensed by the Central Bank of Nigeria, the national banking regulator.<ref>{{cite web|
url=http://www.cenbank.org/Supervision/Inst-DM.asp|title=List of Financial Institutions: Commercial Banks|publisher=Central Bank of Nigeria (CBN)| accessdate=15 April 2016|date=15 April 2016|last=CBN|location=Abuja}}</ref>

Originally a corporate bank, the organization acquired personal and business banking platforms from Nigeria’s International Commercial bank in 2012. Access Bank is presently one of the five largest banks in Nigeria in terms of assets, loans, deposits and branch network. 

==Locations==
The bank's headquarters is located in the city of [[Place:Lagos|Lagos]], the largest city of Nigeria. The coordinates of the bank's headquarters are: 6°26'38.0"N, 3°24'55.0"E (Latitude:6°26'38.0"N; Longitude:3°24'55.0"E).<ref>{{google maps| title=Location of the Headquarters of Access Bank Plc | url=https://www.google.com/maps/place/6%C2%B026'38.0%22N+3%C2%B024'55.0%22E/@6.4439023,3.4147258,19z/data=!3m1!4b1!4m2!3m1!1s0x0:0x0|accessdate=15 April 2016}}</ref>

==Overview==
Access Bank plc is a large financial-services provider. {{as of|2015|December|post=,}} the bank had an asset base in excess of US$12.2 billion (NGN:2.412 trillion), and shareholders' equity valued at approximately US$1.86 billion (NGN:367.8 billion).<ref>{{cite web|accessdate=15 April 2016|last=ABP|url=https://www.accessbankplc.com/images/Financial%20Reports/Abridged/2015-FY-Abridged-FS.pdf|format=PDF|publisher=Access Bank Plc (ABP)|date=16 March 2016|title=Audited Results for the Year Ended December 31, 2015|location=Lagos|archive-url=https://web.archive.org/web/20160601201030/https://www.accessbankplc.com/images/Financial%20Reports/Abridged/2015-FY-Abridged-FS.pdf|archive-date=2016-06-01|dead-url=yes|df=}}</ref> <sup>(Note that US$1.00 = NGN305 on 15 January 2017.)</sup>

==Access Bank Group==
{{as of|2015|December|post=,}} Access Bank plc had subsidiaries in eight [[Place:Sub-Saharan Africa|Sub-Saharan Africa]]n countries and the {{wipe|United Kingdom}}.<ref>{{Cite web|url=http://ghananewsagency.org/economics/access-bank-to-begin-operations-in-ghana-7157|title=Access Bank to begin operations in Ghana|last=|first=|date=|website=ghananewsagency.org|archive-url=|archive-date=|dead-url=|access-date=2018-03-09}}</ref>

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

*2002: Access Bank was taken over by a core of new management led by Aigboje Aig-Imoukhuede and Herbert Wigwe.
*2005: Access Bank acquired Marina Bank and Capital Bank (formerly commercial bank Crédit Lyonnais Nigeria) by merger.
*2007: Access Bank established a subsidiary in [[Place:Banjul|Banjul]], The Gambia. This bank now has a head office and four branches, and the bank has pledged to open another four branches.
*2008: Access Bank acquired 88% of the shares of Omnifinance Bank, which was established in 1996. It also acquired 90% of Banque Privée du Congo, which South African investors had established in 2002. Access Bank acquired 75% of the shares of Bancor SA, in [[Biology:Rwanda|Rwanda]]. Bancor had been established in 1995 and reorganized in 2001. In September, Access Bank opened a subsidiary in [[Place:Freetown|Freetown]], Sierra Leone, and then in October, the bank opened subsidiaries in [[Place:Lusaka|Lusaka]], Zambia and in London, United Kingdom.
*2008: Finbank (Burundi) joined the Access Bank network,<ref>{{Cite news|url=http://allafrica.com/stories/200905190650.html|title=Burundi: Finbank to Be Named Acess Bank|last=Isenged|first=Walter|date=2009-05-19|work=East African Business Week (Kampala)|access-date=2018-03-09}}</ref> but exited the group in 2014.<ref>{{cite web|url=http://www.finbank.co.bi/us/ |title=FinBank Burundi: About Us| accessdate=14 April 2016|date=14 April 2016| publisher=FinBank Burundi (FBB)| last=FBB|location=Bujumbura}}</ref>
*2011: Access Bank was in talks with the Central Bank of Nigeria to acquire Intercontinental Bank plc.
*Intercontinental Bank became a subsidiary of Access Bank plc, which recapitalized the former and acquired a 75% majority interest in its stock.
*The combined effect of the restoration of Net Asset Value (NAV) to zero by AMCON and N50billion capital injection by Access Bank plc is that Intercontinental Bank now operates as a well-capitalized bank, with shareholders funds of N50billion and Capital Adequacy Ratio (CAR) of 24%, well above the 10% regulatory threshold.
*January 2012: Access Bank announced the conclusion of its acquisition of the former Intercontinental Bank,<ref>{{Cite news|url=https://www.modernghana.com/news/357044/access-bank-acquires-majority-stake-in-intercontinental.html|title=Access Bank Acquires Majority Stake In Intercontinental|work=Modern Ghana|access-date=2018-03-09|language=en-gb}}</ref> creating an expanded Access Bank, one of the largest four commercial banks in Nigeria with over 5.7 million customers, 309 branches and over 1,600 [[Finance:Automated teller machine|Automated Teller Machines]] (ATMs).<ref>{{cite web|accessdate=15 April 2015| url=http://www.thenigerianvoice.com/news/72215/access-bank-completes-take-over-of-intercontinental-bank.html|title=Access Bank Completes Take Over of Intercontinental Bank |date=17 October 2011 |newspaper=The Nigerian Voice| last=NFA News|location=Lagos}}</ref><ref>{{Cite web|url=http://nigeriabusinesscommunities.com/news/access-bank-completes-intercontinental-banks-acquisition.html|title=Access Bank completes Intercontinental Bank's acquisition|last=Communities|first=Nigeria Business|website=nigeriabusinesscommunities.com|language=en|access-date=2018-03-09}}</ref>

==See also==
* List of banks in Nigeria
* Access Bank Group
* Intercontinental Bank

== References ==
<references/>

==External links==
*[https://www.accessbankplc.com/ Access Bank Plc]

[[Category:Banks]]
[[Category:Companies (Finance)]]
[[Category:Companies]]

{{Sourceattribution|Access Bank plc|1}}