Tag: Access Bank
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Banks charged between 14%-42% on loans from Jan-Oct. 2019 – BOG
Available data from the Bank of Ghana indicates that banks in the country charged as low as 14 percent as interest for loans given to households from January to October this year. 42 percent also happens to be the highest interest rate charged for loans given to households over the same period. These were captured…
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Access Bank Ghana holds Walkathon to fight Fistula
Access Bank Ghana has held a day’s Walkathon across the country in furtherance of its commitment to funding the fight against Fistula in the country. The “Fist against Fistula” campaign, is part of the Bank’s larger objective to support Ghana in meeting the United Nation’s Sustainable Development Goals (SDGs) and in response to the high…
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BoG endorses merger between Access Bank and Diamond Bank, Nigeria
The Bank of Ghana has endorsed a merger between Access Bank and Diamond Bank in Nigeria. By this, Access Bank has penetrated 7 African countries and three continents including Asia, Europe and Africa. The two banks received regulatory approval to merge in April this year. Managing Director of Access Bank, Olumide Olatunji in an interview…
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Over a dozen banks yet to meet GH¢400m minimum capital
At least fifteen (15) banks are yet to announce their position on meeting the new minimum capital requirement with four months to the deadline. This is because Citi Business News’ analysis has shown that six (6) banks have reached the target with seven (7) others undertaking various measures to recapitalize. The six banks include; the…
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NPLs reduce Access Bank’s 2016 profits
Access Bank Ghana, a subsidiary of Access Bank Plc in Nigeria, made a profit of 41.93 million cedis in 2016. This was down by about 48 percent compared to the profits made in 2015 which was 80.41 million cedis. In 2016, Access Bank’s total income amounted to 272.62 million cedis from the 267.12 million cedis…
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Access bank lists as 11th bank on the GSE
Access Bank Ghana has officially listed on the Ghana Stock Exchange (GSE). The bank becomes the first Nigerian bank and the eleventh bank in Ghana, to list on the local bourse. Access bank completed its Initial Public Offer (IPO) raising 29.62 million cedis, just above the 21 million cedis regulatory requirement to list on the…
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Access bank IPO makes cut to successfully list on GSE
Access bank will officially list on the Ghana Stock Exchange (GSE) after successfully raising the minimum subscription needed to declare its Initial Public Offer (IPO) successful in order to list. The listing which will take place on Wednesday, 21st December, 2016 will see Access bank becoming the first Nigerian bank to list on the GSE. The…
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Access bank extends IPO period by fourteen days
Access bank has extended its Initial Public Offer (IPO) period by two weeks. The bank has extended the closing period for the offer from November 11, 2016 to November 25, 2016. A statement from the bank on the extension said, “The Securities and Exchange Commission has granted the Bank an extension to its Initial Public…
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More banks to list after Access Bank – Analyst
Some stock market analysts are predicting more companies are likely to list on the Ghana Stock Exchange to meet the recapitalization requirement by the Bank of Ghana. The assertions follow the listing of Nigerian Bank, Access bank on the domestic bourse. The bank launched its Initial Public Officer (IPO) on Wednesday, October 19, 2016. The…
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Access Bank to list on the Ghana Stock Exchange
Appeals by the Securities and Exchange Commission for multinationals to list on the Ghana Stock Exchange may be making inroads as Nigerian owned bank, Access, advances processes to list on the domestic bourse. Information available to Citi Business News indicates that the bank is likely to complete its process by the end of this year…