Access Bank gets commendation for market activities

Access Bank Plc has been commended by EMEA Finance Magazine for its activities in the capital market in recent years.

The bank received the commendation in London at the EMEA Finance award ceremony.

Specifically, the Publisher and Chief Executive Officer, EMEA Finance Magazine, Mr. Christopher Moore, hailed the bank for its 'impressive dealings in the capital market,' a statement by the Head, Media Relations, Access Bank, Mr. Abdul Imoyo, said.

According to the statement, the EMEA Finance CEO said this after the bank was named the best local bank in Africa.

Moore, who presented the award to the bank, was quoted as saying, 'Access Bank's interim results show impressive growth not just in income and profit, but also in the bank's loan portfolio and deposit base.

'These accomplishments are testament to a strong management team and business. Additionally, we are impressed with the bank's capital markets activity, which includes the bank's second international bond issuance raising $400m and its upcoming rights issue.'

The Editor of the magazine, Mr. Tim Burke, explained that bagging the award was not an easy achievement.

He said, 'Access Bank competes in a very tough market, Nigerian banks are among the most innovative and dynamic in Africa, and in many other areas are global leaders and fast adopters. It is a pleasure to recognise Access Bank as our best local bank for 2014.'

The Head, Brand and Strategic Management, Access Bank, Mr. Amaechi Okobi, was said to have thanked the magazine for recognising and celebrating the humble dealings of the bank. He promised that the bank would work harder to deliver even better services.

He said, 'This award is a testament to the proactive and innovative approach to banking that Access Bank has adopted. While many might see it as a call to celebrate, we see it as a call to push further. Our promise is to deliver excellent services with lightning speed and on a secured platform and we will not disappoint.'