Access Bank has made history as the first Nigerian bank to surpass the Central Bank of Nigeria’s (CBN) ₦500 billion minimum capital requirement for banks with international authorization. With a capital base of ₦600 billion, the bank has exceeded the regulatory threshold by ₦100 billion, achieving this milestone well ahead of the March 2026 deadline set by the CBN.
This significant accomplishment was facilitated by a successful Rights Issue that raised ₦351 billion through the issuance of 17.7 billion ordinary shares at ₦19.75 per share. The announcement was made by Sunday Ekwochi, Company Secretary of Access Holdings Plc, the parent company of Access Bank, in a statement issued on Wednesday.
The Rights Issue received full regulatory approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), demonstrating the bank’s adherence to regulatory standards and its strategic approach to capital growth. The success of this capital-raising exercise highlights the resilience of Nigeria’s capital markets and the confidence of investors in Access Bank’s long-term growth potential.
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Chairman of Access Holdings, Aigboje Aig-Imoukhuede, expressed pride in the achievement, noting that the Access Bank brand has consistently resonated with local and international investors. He emphasized the bank’s history of raising significant capital to meet regulatory directives, describing this milestone as a reflection of the trust and support of shareholders.
The development not only underscores Access Bank’s leadership in the financial sector but also strengthens its position as a key player in global banking. With an enhanced capital base, the bank is now better positioned to pursue strategic growth opportunities, expand its international footprint, and support large-scale projects that contribute to economic development.
This milestone marks a new era for Access Bank and the Nigerian banking industry as a whole, setting a high standard for other financial institutions to follow. Access Bank’s achievement is a testament to its forward-thinking approach, resilience, and commitment to creating value for its shareholders and customers.
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