Access Bank Plc, commonly known as Access Bank, is a Nigerian multinational commercial bank, owned by Access Bank Group. It is licensed by the Central Bank of Nigeria, the national banking regulator.[1]
Originally a corporate bank, they expanded into personal and business banking in 2012. Access Bank and Diamond Bank merged on 1 April 2019. In conclusion of its merger with Diamond Bank, Access Bank unveiled its new logo, signalling the commencement of a new enlarged banking entity. The bank employs more than 28,000 people in 2021.[2]
After the merger, with more than 52 million customers, Access Bank became the largest bank in Africa by customer base, and the largest bank in Nigeria by assets.
As of September 2021,[update] in addition to Nigeria, Access Bank plc has subsidiaries in Mozambique, Zambia, Congo, Sierra Leone, Rwanda, Gambia, Ghana, Kenya, South Africa, and in the United Kingdom.[3] Access Bank Group also maintains representative offices in China, India, Lebanon and United Arab Emirates.
Access Bank plc is a large financial-services provider. In June 2021, the bank had an asset base in excess of US $25,5 billion (NGN: 10,055 trillion), and shareholders' equity valued at approximately US$1.87 billion (NGN: 775 billion).[4] (Note that US $1.00 = NGN 413 on 1 November 2021.)
The bank received its license from the Central Bank of Nigeria in 1989, and listed on the Nigerian Stock Exchange in 1998.
The bank's headquarters is located at 14/15, Prince Alaba Abiodun Oniru Road, Victoria Island, Lagos, Lagos State, Nigeria in the city of Lagos, the most commercial city of Nigeria. The coordinates of the bank's headquarters are: 6.4333751, 3.4453135.[15]
In October 2024, the bank launched a platform called The Power of 100 Africa initiative to celebrate women across Africa who have blazed trails in education, business, technology, healthcare, social work and other important sectors of the economy.[16]
It was named the Consumer Finance Product of the Year in 2024 by the Middle East & Africa Retail Banking Innovation Awards.[17][18]
It was also named the Nigeria's Best Bank in 2024 by the Euromoney Awards.[17]
