Daybreak, Politics, Entertainment, Sport

Tag: Access Bank

Lockdown: Access Bank launches app to ensure seamless transactions
Access Bank Plc has launched a new mobile banking application tagged “AccessMore” to ensure easy access to funds and seamless transactions by customers, amid COVID-19 lockdown.
Mr Herbert Wigwe, the bank’s Chief Executive Officer, said this in a statement in Lagos on Saturday.
Wigwe described AccessMore as an innovative mobile application that offers a ‘more than banking’ experience.
He said the app, built on cutting-edge technology, offers tailored and personalised services, ease of use and excellent customer experience.
“In a period like this, when we need to be more present and relevant in the lives of our customers than ever, we have risen to the challenge to ensure our customers have access to their funds.”
With the app, he said customers can carry out transactions while keeping safe at home.
“To deliver on our promise to continually give our customers ‘more’, we have worked with first class tech experts to build the AccessMore mobile app to suit our customers’ lifestyle and meet their financial needs.
“As we mark our first anniversary post-merger with erstwhile Diamond Bank, this new addition to our array of solutions is also in line with our promise to adopt the best of both institutions.
“The AccessMore mobile app does not only deliver the best combination of both mobile apps, it accommodates the unique needs of existing users, delivering the best mobile banking experience on a world class platform,’’ Wigwe said.
The statement also quotes Mr Victor Etuokwu, the bank’s Executive Director, Retail Banking, as saying that customers could download the new AccessMore mobile app from their Android play-store or IOS app store.
“This month marks the one-year anniversary of our expanded institution and we are using this opportunity to reward our loyal customers, who believed in us and stood by us throughout the integration period.
“From April to December 2020, we will be rewarding customers who complete 10 transactions, using either our USSD service *901# or any of our mobile apps (old Access Mobile, old Diamond mobile or the new AccessMore app) per month.
“So, the more a customer transacts in multiples of 10, the higher his/her chances of winning a new car in the quarterly draw,’’ Etuokwu was quoted as saying.
Access Bank, with about 40 million customers and more than 600 branches nationwide, offers a range of products and services tailored to suit needs and lifestyles of its customers across multiple segments. (NAN)
April 4, 2020
COVID-19: Access Bank unveils service to boost customers access to funds
Access Bank Plc has introduced a Dual Transaction Service (DTS), an enhanced debit card service that provides access to credit at the same time.
Mr Victor Etuokwu, the bank’s Executive Director, Retail Banking, made this known in a statement in Lagos on Thursday.
Etuokwu said that the DTS was unveiled to enable customers stay safe and connected by going cashless.
He said the DTS was a bundled service designed to allow pre-approved customers access a credit line through their existing debit card.
“This is the first time any bank in Nigeria will be providing this kind of combined essential service to its customers.
“We have been encouraging our customers to stay safe and connected by going cashless while using our various digital channels.
“We know these are trying times and our customers may need an extra boost during this period. So rather than have them go through the rigorous process of applying for a credit card, we will give them access to more funds using their existing debit cards,” he said.
Etuokwu explained that the service was available to all Access bank customers who earn from N20,000 and above.
“Customers can also access three times the value of their salary during this period of restricted movement.
“This is a remarkable feat and we will continue to promote digital transactions and discourage branch banking until we are completely come out of the pandemic times,’’ Etuokwu added.
According to him, to activate this service, all our customers need to do is dial *901*14# from the comfort of their homes, choose credit as account type on any POS or ATM terminal during any transaction to access the credit line through their debit card.
“The dual card service from Access bank Plc is the first-of-its-kind on the continent.
“The features of the dual transaction service represents another milestone in our mission to transform banking and demonstrates how far we have come in such a short time” he said.
Etuokwu noted that the bank recently donated N1 billion as part of its contribution to fight coronavirus in Nigeria.
He said the bank had also reached out to its customers via several communications to go cashless by using the Access Bank electronic and digital platforms during this period of the pandemic to remain safe.
April 2, 2020
Access Bank unveils ‘TraderLite’ for micro businesses to strengthen economic growth
Determined to stimulate economic growth, Access Bank Plc has inaugurated an account tagged “TraderLite’’ for micro businesses with turnover between N50,000 and one million naira.
Mr Victor Etuokwu, the bank’s Executive Director Retail Banking made this known in a statement on Monday.
Etuokwu said that the TraderLite enables Small and Medium Enterprises (SMEs) to operate their businesses with Individual name or registered business name.
He noted that the account was specially designed for micro businesses with the aim of providing financial inclusion for businesses in that segment.
Etuokwu added that it was inaugurated with the aim of equipping micro businesses with the required skills to grow their businesses.
“TraderLite, a variant of the Diamond Business Advantage account within the bank’s emerging businesses portfolio, is specially designed for micro businesses with the aim of providing financial inclusion for businesses in that segment.
“The future of Nigeria’s economy is Small and Medium-Scale Enterprises because they can provide more than enough jobs to the unemployed if empowered.
“And that is why the bank’s passion is to offer more than financial services to its customers and also work with them in growing and expanding their businesses.
“Whichever category you fall into, we are here to work with you to take your business to a whole new level,’’ he said.
He noted that the product had two variants namely: DBA TraderLite Individual, which is for individuals with unregistered businesses and DBA TraderLite Business for registered businesses.
Access Bank is the leading retail bank in Nigeria with more than 600 branches and more than 40 million customers.
The bank offers products and services tailored to suit the lifestyle of every Nigerian irrespective of age and demography. (NAN)
March 9, 2020
2019: Access Bank posts N666.75bn gross earnings, declares 40k final dividend
Access Bank Plc has posted gross earnings of N666.75 billion for the financial year ended Dec. 31, 2019.
The bank’s audited result released by the Nigerian Stock Exchange (NSE) showed that gross earnings was higher by 26.10 per cent when compared with N528.75 billion in the comparative period of 2018.
Its profit before tax stood at N115.38 billion in contrast with N103.188 billion achieved in 2018.
Also, profit after tax rose to N97.51 billion from N94.98 billion, while earnings per share decreased from N3.31 to N2.90 during the period under review.
The Board of Directors recommended a final dividend of N14.22 billion, translating to 40k per share, higher than 25k per share paid in 2018.
Meanwhile, the bank had earlier proposed and paid interim dividend of 25k per share, bringing the total dividend per share for 2019 to 65k per share.
Also, net interest income stood at N277.23 billion, compared with N173.578 billion in 2018, while interest expense rose from N207.34 billion to N259.62 billion.
Net Impairment rose to N20.19 billion, compared with N14.66 billion in 2018.
Net fee and commission income increased to N74.04 billion as against N52.49 billion in 2018.
Loans and advances to customers grew to N2.91 trillion from N1.99 trillion in 2018, while deposits of customers stood at N4.26 trillion from N2.56 trillion in 2018.
Recall that the bank consumated a business combination with the defunct Diamond Bank.
Mr Herbert Wigwe, the bank’s Group Managing Director, said recently that it was now fully positioned in the retail market with the completion of the merger.
“Following the successful completion of the merger with Diamond Bank in March 2019, we have now fully positioned ourselves in the retail market with a view to bringing the power of banking to the doorsteps of millions.
“We are providing a broader platform to facilitate payments services in Nigeria and across Africa, by harnessing our significantly enhanced digital technology capabilities,” Wigwe said.
He said that the bank had made solid progress in line with its 2018-2022 five-year strategy and remained committed to the achievement of its strategic imperatives going forward.
According to him, the bank will continue to invest in its people, technology and most importantly, its product offerings to customers.
“Our focus is to become the world’s most respected African Bank by leveraging on the strength of our retail and wholesale business to provide unrivalled value to our customers,” he stated. (NAN)
March 7, 2020
Access Bank Plc appoints Ajoritsedere Awosika Board Chairman
By Our Reporter
The Board of Directors of Access Bank Plc have announced Dr Ajoritsedere Awosika as its new Chairman.
The bank’s Company Secretary, Mr Sunday Ekwochi, said in a statement on Tuesday in Lagos that Awosika would assume the position of the company’s Board Chairman on Jan. 8, 2020.
Ekwochi said that Awosika’s appointment was apt to lead the board in the next phase of the bank’s transformation into becoming Africa’s Gateway to the World.
According to the statement, Awosika will take over from Mrs Mosun Belo-Olusoga as chairman following the later’s retirement as her 12-year term will elapse in January 2020.
The retirement of Belo-Olusoga, who became the Board Chairman in 2015, was in line with the Central Bank of Nigeria’s Code of Corporate Governance for bankers and Discount Houses.
Awosika joined the board in April 2013 as an Independent Non-Executive Director and has been the Chairman and Vice Chairman of the Board Credit and Finance Committee and the Board Audit Committee, respectively in addition to membership of other Board Committees.
She is an accomplished administrator with over three decades experience in public sector governance. She was at various times, the Permanent Secretary in the Federal Ministries of Internal Affairs, Science & Technology and Power.
Awosika is a fellow of the Pharmaceutical Society of Nigeria and the West African Postgraduate College of Pharmacy.
She holds a Doctorate degree in Pharmaceutical Technology from the University of Bradford, United Kingdom.
She is currently the Chairman of Chams Plc and Josephine Consulting Limited and a Non-Executive Director of Capital Express Assurance Ltd.
According to the statement, the board expresses its appreciation to Belo-Olusoga for her contributions to the bank’s transformational growth and wishes Dr (Mrs) Awosika success in her new appointment. (NAN)
November 20, 2019