• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Access Bank: Creating one of Africa’s leading retail banks

Onome Ohwovoriole by Onome Ohwovoriole
April 1, 2019
in Business News, Company News
Access - diamond bank
Share on FacebookShare on TwitterShare on Linkedin

 Today we have publicly launched the new Access Bank, one company, with 28,000 staff across 600 branches and 29 million customers worldwide. This follows legal completion of the merger on 19 March and the launch of our new brand today. 

 The enlarged Access Bank will have a formidable commercial and retail banking business, providing significant opportunities to customers, staff, shareholders and other stakeholders. 

Our new logo fuses Diamond Bank and Access Bank’s brands together, and we have launched a new brand promise – access. more than banking – which symbolizes our shared philosophy.  

RelatedStories

Access Bank Plc holds Signing Ceremony for N15 Billion Green Bond Issuance

EXPLAINED: What Access Bank and Diamond Bank merger means for shareholders

April 1, 2019
Access - diamond bank

Access Bank launches new brand following its merger with Diamond Bank

March 31, 2019

 The combination of Diamond Bank’s strong retail customer franchise and leading digital platform with Access Bank’s corporate banking capabilities, proven risk management and capital management expertise has created a diversified Nigerian financial institution with strong value creation potential.  

 The new Access Bank will provide benefits to all stakeholders, including customers, shareholders, and staff. Access Bank is now one of the leading Tier 1 Nigerian banks, which: 

  • has increased its market reach and customer convenience through an expanded network of over 600 branches and 3100 ATMs, complemented by the enhanced distribution of world-class mobile and digital channels 
  • has a strengthened corporate banking business, as a result of customer consolidation and the opportunity afforded by combined product offerings and marketing capabilities  
  • has the breadth, scale and product range to further accelerate the financial inclusion agenda both banks have pursued separately  
  • has the capacity to provide credit lines to a more diversified client base  
  • is a stronger, safer institution with an enlarged balance sheet, enhanced liquidity profile and robust capital base  
  • will deliver revenue and cost synergies at NGN150 billion per annum, to be fully realized within three years post-completion  

 Commenting on the merger, Herbert Wigwe, Group Chief Executive of Access Bank, said:  

 “This is a transformational moment for Access Bank. I remember almost two decades ago when, together with my partner, Aigboje Aig-Imoukhuede, we set out a dream for Access Bank – to change the face of banking in Nigeria and lift the continent of Africa through sustainable banking. We wanted to show individuals and businesses across the country that ethical business was good business.   

 Some years earlier, Pascal Dozie, one of Nigeria’s leading figures in banking, launched Diamond Bank to harness technology to help people respond to changing lifestyles and support societal shifts. 

 This merger has enabled us to realize our dream of becoming a leading full-service bank in Nigeria and a Pan-African financial services champion. Combining Diamond Bank’s leadership in digital and mobile-led retail banking with Access Bank’s expertise in trade finance, cash management, treasury and corporate finance drives significant opportunities through the value chain. 

 

As we promised on 19 December 2018, we have taken decisive steps to maintain the capital strength of the combined entity and ensure its financial stability. The Enlarged Access Bank has an extremely strong capital adequacy ratio of more than 20% following completion of the merger.  

 

For both Diamond Bank and Access Bank, today marks the beginning of a shared vision to create a large diversified retail bank that is modern, intelligent and digitally led; of global scale and scope, with strong payment capabilities. We want to be able to support our 29 million customers as they achieve their dreams and ambitions, and in doing so play our part in supporting the national economy and our continent as Africa’s gateway to the world.” 

 

 


Follow us for Breaking News and Market Intelligence.
Tags: access bank diamond bank merger
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

Access Bank Plc holds Signing Ceremony for N15 Billion Green Bond Issuance
Blurb

EXPLAINED: What Access Bank and Diamond Bank merger means for shareholders

April 1, 2019
Access - diamond bank
Business News

Access Bank launches new brand following its merger with Diamond Bank

March 31, 2019
Next Post
FIRS

FIRS receives as much as N103bn worth of taxes from banks in 2018

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • WHO backs global use of twice-yearly Lenacapavir Injection for HIV prevention
  • Crypto regulations in Nigeria; these businesses may not survive 
  • PIA 2021 attracts $16 billion in investments, boosts oil production — Reps Deputy Speaker 

Follow us on social media:

Recent News

WHO , EG.5 coronavirus variant, US, China

WHO backs global use of twice-yearly Lenacapavir Injection for HIV prevention

July 15, 2025
SEC warns Nigerians against investing in Risevest and Stecs  

Crypto regulations in Nigeria; these businesses may not survive 

July 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics