Access Bank: Staying Ahead of the Pack thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Goddy Egene writes that as inflation rate remains above 18 per cent, the stock market still provides investors opportunity to earn positive returns on their investments
When investors stake their funds, their expectation is to reap positive returns on investments. That means a return that is above inflation rate. And considering the fact that inflation rate stood at 18.12 per cent as at the end of April 2021, investors must invest in securities that would produce a return of above 18.12 per cent.
Although it is difficult to come across investment that can give yields above inflation rate, the equities market offers investors opportunity to enjoy positive returns. However, for investors to earn such positive returns in the equities market, they must seek the advice of professionals. This is so because just as the market is capable of fetching positive returns, investors could also lose their investments if not well guided by professionals.
Advertisement
This is the bank’s fifth acquisition in four years.
In 2018, the lender acquired Diamond Bank through a merger and acquisition deal, completed in 2019.
In the fourth quarter of the same year, it acquired Transnational Bank (Kenya) Plc.
Advertisement
In August 2020, the bank also announced the acquisition of Cavmont Bank Limited through a merger deal and finalised the process in January 2021.
It has also acquired Grobank in South Africa and now completed the acquisition of Mozambique’s African Banking Corporation.
Advertisement
In a corporate filing on Tuesday, Sunday Ekwochi, Access Bank secretary, said Access Mozambique will now move towards integrating and merging BancABC Mozambique into its operations, “which is expected to create the seventh-largest bank in the Mozambican banking market.”
Oluchi Chibuzor writes on Access Bank Plc’s aggressive expansion drive in the continent
The recent revelation that Access Bank Plc is among the list of financial institutions from Africa and the Middle East that have expressed interest in the acquisition of Union Bank Plc and other African assets of Atlas Mara Group, a Pan-African banking group, is a cheering news.
Atlas Mara Limited, the London Stock Exchange-listed pan-African banking group started by Mr. Bob Diamond, it was gathered has received a number of approaches for its 49.97 per cent holding in Union Bank of Nigeria.
Indeed, listing Access Bank Plc among the suitors is a clear reflection of the resolve of the financial institution headed by Herbert Wigwe, its chief executive officer, not to relent in its aggressive expansion drive.