Access Bank Plc has been named as one of the top 500 global banking brands, according to leading business valuation and strategy consultancy, Brand Finance.
The bank has demonstrated growth since it was last ranked as the fifth most valuable Nigerian bank in the 2017 Banking 500 report. The bank ranks second with a valuation of $242 million.
The bank’s valuation comes on the back of its successful merger with Diamond Bank last April, and its recent expansion into the East African market.
Group Managing Director, Access Bank Plc, Herbert Wigwe, said: “In the last 12 months, Access Bank has grown into a powerhouse in the Nigerian and indeed, African banking industry. We are happy with all the successes recorded so far, and we hope to reach and surpass other targets we have set for ourselves. Access Bank will continue on its journey to becoming Africa’s gateway to the world, through strategic expansion into new and emerging markets within and outside Africa and providing best in-class customer experience.”
He urged investors and other stakeholders to keep their faith in the bank, reassuring that the bank will stay true to its values of ethical and sustainable banking practices. “Access Bank will continue to innovate and remain profitable while offering value to all investors and stakeholders. As we strive to expand our business operations, we will remain true to our core values of sustainable banking and adherence to global best practices.”