Tier one lender, Access Bank Plc has announced a change in its human resources policy for its staff. Men whose wives have given birth will now be entitled to paid leave. This was disclosed by the bank’s Head of Human Resources Bolaji Agbede. The policy takes effect from January 2018.
Details of the policy
Men whose wives have given birth will be granted one week fully paid leave. Women who act as surrogates or have newly adopted a child will also be granted 90 days fully paid leave. This is in addition to the 3 months paid leave access grants to nursing mothers. Employees in either situation can also opt for 6 months leave, while receiving 2/3 rds of their current salary.
Access Bank shares are currently trading at N12.60 in today’s trading session on the Nigerian Stock Exchange (NSE). Year to date, the shares are up 17%.
Results for the 9 month period ended September 2017 show interest income increased from N181 billion in 2016 to N245 billion in 2017. Profit before tax also increased from N68 billion in 2016 to N72 billion in 2017.