Access Bank: Leveraging debt recovery for sustainable growth Oluwatomisin Amokeoja
Access Bank Group Plc’s audited result showed an improvement in the non-performing loans (NPL) ratio. NPL improved from 5.80 per cent in 2019 to 4.30 per cent in 2020. The lower ratio reflected successful approach to loan recovery adopted by the Group which is fast gaining the reputation as Nigeria’s toughest loan recovery machine. The bank’s new investments in technology and rising commitment to Africa trade through the African Continental Free Trade Agreement (AfCFTA) scheme are lookouts to drive its new growth phase, writes GROUP BUSINESS EDITOR, SIMEON EBULU.
For banks and other financial institutions, creating quality loans is one way of staying in business. It not only guarantees sustainable profitability, it also ensures growth of the businesses it supports.
Atlas Mara Limited's Update on Strategic Review and Restructuring Discussions Key Highlights: Atlas Mara announces progress in strategic review with regulatory approval of two previously announced
ATLAS Mara Limited Announces Strategic Review and Restructuring Discussions tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.
TRADING UPDATES: SIG in good start to 2021; Accsys taps EUR37 million
Wed, 5th May 2021 19:20
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
SIG PLC - London-based supplier of insulation, roofing, commercial interiors and specialist construction products - Has made an encouraging start to the year, with January and February sales volumes picking up strongly and March and April trading ahead of management s expectations. For first quarter to April 30, like-for-like sales grew 29%, having declined 4% in the same period in 2019.
Accsys Technologies PLC - wood building products manufacturer - Proposes placing to raise EUR33 million and open offer to secure EUR4 million. The net proceeds of the Issue will be used primarily to fund the company s investment in expanding its Accoya business into North America, Accsys says. Plans to build new Accoya plant in US, as part of joint-vent
Atlas Mara says Nigerian and Middle East banks among suitors for Africa assets Company started by Bob Diamond says it has completed its restructuring process, and extended a standstill agreement with its creditors to May 17 05 May 2021 - 21:03 Dinesh Nair, Loni Prinsloo and Emele Onu Bob Diamond. Picture: BLOOMBERG
Atlas Mara, the pan-African banking group started by Bob Diamond, has drawn interest from Nigerian and Middle Eastern lenders for its remaining assets on the continent, according to people familiar with the matter.
The London-listed group has received a number of approaches for its 49.97% holding in Lagos-based Union Bank of Nigeria, the people said, asking not to be identified as the talks are private. Nigeria’s Zenith Bank and Access Bank are among suitors that have expressed interest, alongside other African rivals such as Morocco’s Attijariwafa Bank, the people said.