Access Bank

The board of Access Holdings Plc has announced a delay in the release of its half-year (H1) financial results due to an ongoing audit of its subsidiaries.

This was disclosed in the company’s statement to the Nigerian Exchange Limited (NGX).

According to the statement signed by the Company Secretary, Sunday Ekwochi, the delay in the publication of the Audited Interim Financial Statements for the Half Year ended June 30, 2023, is due to the completion of audit activities of the newly acquired sub-subsidiaries of the banking group.

The group noted that the bank had signed necessary agreements with minority shareholders of Finibanco Angola S.A. who expressed interest in selling their shares.

With the completion of the acquisition, Access Holdings now own more than 51 percent stake in Finibanco Angola S.A.

Also, Access Bank Plc (flagship subsidiary of Access Holdings) reached an agreement to acquire the sub-saharan subsidiaries of Standard Chartered Bank.

In the acquisition deal, Standard Chartered will sell its shareholding in its subsidiaries in Angola, Cameroon, Gambia, and Sierra Leone to Access Bank as well as its consumer, private & business banking business in Tanzania.