Dubai, United Arab Emirates: We are delighted to announce that The Access Bank UK, a wholly owned subsidiary of Access Bank Plc, has joined Bacs Payments Schemes Limited (Bacs). The Bank becomes the latest participant to offer access to systematically important payment methods, Direct Debit and Bacs Direct Credit to its customers.

The Access Bank UK is the third brand to join Bacs since the start of the year and the sixth new participant in just over 12 months.

The Access Bank UK’s Managing Director and Chief Executive Officer, Jamie Simmonds commented “Today marks another key development for The Access Bank UK as we join Bacs, a move which follows a year of significant all-round growth for us in 2017. Our ethos is based on building the trust and loyalty of our customers and we have a clear commitment to strong customer service. Joining Bacs is yet another example of this approach, as we further improve and increase the services we offer.”

Bacs’ General Manager, Andy Hollingdale said: “It’s perhaps fitting that, in a year in which we celebrate our 50th anniversary, we have already seen three new participants join Bacs. This sends a clear message that the products we manage are as important as they have ever been to both consumers and businesses, highlighted by the processing records we continue to set. I’m pleased to welcome The Access Bank UK on board and it’s great that their customers will be able to enjoy easy access to our payment products.”

-Ends-

About The Access Bank UK - DIFC Branch

Situated in the iconic Gate Building of Dubai International Financial Centre (DIFC) and regulated by Dubai Financial Services Authority (DFSA), the Access Bank UK DIFC branch in the UAE offers a wide range of services to support business activities across various sectors in the region. As a licensed, branch, the strategic and centrally located Access Bank UK DIFC Branch will serve as a route for investors in the region to trade effortlessly from Asia to Africa. Armed with a strong purpose to offer complete support to its customers by moving closer to them, the DIFC Branch is committed to building a long lasting relationship in the region.

About The Access Bank UK Ltd

The Access Bank UK Limited is a wholly-owned subsidiary of Access Bank Plc, a Nigerian Stock Exchange listed company. The Access Bank UK Limited was established to provide customers in the UK and in Africa with a broad range of business and personal banking services. These include trade finance, treasury services, business and personal banking together with private banking and wealth management.

Our objective is to grow the international business of the Access Bank Group through excellence in customer service and innovative solutions in trade finance, commercial banking and asset management. We are authorized and regulated by the UK’s Prudential Regulation Authority and Financial Conduct Authority (PRA and FCA) and are therefore in a strong position to support opportunities in Organisation for Economic Co-operation and Development (OECD) markets for Access Bank Group customers. At the same time, our position as Access Bank Group’s OECD operational hub supports the flow of investment into markets in Nigeria, Sub-Saharan, West Africa and the MENA region.

We have a strong base in the UK and abroad which allows us to stay in touch with our customers wherever they are in the world. Our Head Office is located in the heart of the City of London and overlooks the Bank of England and our Operations division is near Manchester. We also have an office in Lagos, Nigeria.

The Access Bank UK has been voted as the Best Africa Trade Finance Bank in 2017 by Capital Finance International, for the second consecutive year.

About Access Bank plc

Access Bank Plc is a full service commercial Bank operating through a network of 366 branches and service outlets located in major centres across Nigeria, Sub Saharan Africa, the United Kingdom and the MENA region. Listed on the Nigerian Stock Exchange in 1998, the Bank serves its various markets through 4 business segments: Personal, Business, Commercial and Corporate & Investment banking.

The Bank has over 830,000 shareholders including several Nigerian and International Institutional Investors and has enjoyed what is arguably Africa’s most successful banking growth trajectory in the last ten years ranking amongst Africa’s top 20 banks by total assets and capital in 2011.

Access Bank has built its strength and success in corporate banking and is now taking that expertise and applying it to the personal and business banking platform it acquired from Nigeria’s Intercontinental Bank in 2012. The last two years have been spent integrating the business, investing in the infrastructure and strengthening the product offer.

As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible and socially relevant.

For more information, please contact:

AHMED SALAH

GOLIN MENA

Tel:   +971 4 3323308

Email: Asalah@golin.ae

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.