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Access Bank successfully concluded its 3rd public offering in 2008, raising more than US$1 billion. In 2009, Access Bank merged with the Intercontinental Commercial Bank (ICB) [17] and was listed the same year (2012) [18] on the LSE (London Stock Exchange). A 350 million dollars Eurobond was also successfully raised in parallel.
Intercontinental Bank, commonly referred to Intercontinental, was a Nigerian commercial bank that operated from 1989 until it was acquired by Access Bank plc in 2013. Prior to its acquisition, Intercontinental Bank was one of the twenty-four commercial banks licensed by the Central Bank of Nigeria , the country's banking regulator.
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]
The wedding of NYSE Euronext with acquirer IntercontinentalExchange now has a new date. Following a postponement of the original November 4 target, the two companies said in a joint press release ...
In January 2020, the Central Bank of Kenya gave approval for Access Bank Group to acquire up to 100 percent shareholding in Transnational Bank. [7] In August 2020, the take-over was consummated after the new owners paid KES:1.4 billion (approx. US$13 million) to buy-out the previous shareholders. The bank re-branded to Access Bank (Kenya) PLC. [1]
Herbert Onyewumbu Wigwe CFR (15 August 1966 – 9 February 2024) was a Nigerian banker and businessman. He was the group managing director and CEO of Access Bank Plc, one of Nigeria's top five banking institutions, after succeeding his business partner, Aigboje Aig-Imoukhuede.
Here's why the Fed cut rates in September and November The U.S. government injected trillions of dollars into the economy during 2020 and 2021, while at the same time, the Fed slashed the federal ...
Halkbank pleaded not guilty to bank fraud, money laundering and conspiracy. The case became a thorn in U.S.-Turkey relations, with Turkish President Tayyip Erdogan calling the U.S. charges an ...