As the
Access Bank N70 billion offer for subscription of 4,721,839,130 units of
Access Bank Shares at N14.90k for very 50k
share enters its third week, Nigerians have continued to scramble for the
Bank ’s offer.
The tremendous patronage enjoyed by the
Bank ’s offer from
Investors may not be unconnected with the phenomenal growth recorded by the
Bank in the last five years. This gesture is a demonstration of
Confidence in the
Bank ’s
Management propelled by the institution’s strings of achievements and the potentials for growth.
Over the last five years,
Access Bank has risen steadily to emerge as one of the most successful banks in
Nigeria and indeed
Africa . The
Bank has emerged as the fastest growing
Bank in
Nigeria having consistently recorded a three digit growth rate in its
Asset over the last five years.
The
Bank is a product of a
Corporate restructuring exercise which commenced in March 2002 with the setting of a 13-point transformation agenda that was accomplished at the 2007 target date. These agenda included positioning the
Bank as a reference point for service delivery in
Nigeria , make it an employer of choice for
Nigeria ’s best and brightest professionals, turn it to a model for compliance in the
Industry , position it as a reference point for
Technology in
Nigeria , make it the preferred
Bank in relationship with multinational and foreign
Financial institutions, attain “ A” risk rating and position it as one of the top three foreign
Exchange and money market banks in
Nigeria .
Access Bank is the 8th biggest
Bank in
Nigeria and is set to redefine the
Nigerian banking landscape through its acknowledged innovativeness and ingenuity.
The
Bank is set in the next five years to rank amongst top three
Financial Services Group in
Nigeria , become the employer of choice in
Africa , attain “AAA” Agusto & Co Rating, A+ Fitch, S &P Rating (Bank), be the leading e-Business
Bank in
Africa , rank amongst the top three Banks Stocks in any
Exchange where it is listed, be the best treasury &
Financial markets Bank in
Africa , be the reference point for service delivery in
African Financial institutions, be the reference point for
Corporate governance in
Africa and be a leading project & structured
Finance Bank in
Africa .
Based on the
Bank ’s track record, analysts
Are of the opinion that the target set for the next five years by the
Bank will be accomplished before the target year and urged
Investors to take advantage of the opportunity presented by the
Public offer to buy into
Access Bank PLC . They added that the
Bank ’s offer would be over subscribed and shareholders’
Value will be greatly enhanced because the offer will usher the
Bank to an unequalled
Industry leadership position that will make it a role model for other
Financial institutions in
Africa and beyond.