Access Bank assets hit N2trn

According to the bank’s Group Managing Director, Aigboje Aig-Imoukhuede, the two banks, now a single entity, has a customer base of 5.7 million, branch network of 309 and liquidity ratio of 76 per cent.

“The conclusion of this transaction is a significant step forward for the Nigerian banking sector; it has preserved thousands of Nigerian jobs, protected the savings of millions of Nigerian citizens and laid

the foundation for the creation of a truly great, African bank. It brings together the proven prudential management of Access Bank and the extensive geographical footprint of Intercontinental Bank, with

one of the largest networks of branches and ATMs.

He said the 5.7 million customers of the combined bank would benefit from a product range which blends the very best of both Access and Intercontinental banks products. “Customers will also benefit from an expanded network of 309 branches along with a network of 1600 ATMs across Nigeria.  To ensure that the 5.7million customers of the Bank enjoy superior banking services, Access Bank is committing significant human and financial resources to customer and other stakeholder engagement via its world-class Contact Centre, SMS, and online banking to ensure seamless transaction and impressive experience at any contact with the Bank”, he said.

To ensure the sustainability and growth of the merged entity, Aig-Imoukhuede said it is important that the bank’s cost structures are brought in line with Nigerian and global best practice.