The Central Bank of Nigeria has given an Approval-in-Principle for Access Bank Nigeria Plc to adopt a Holding Company (HoldCo) structure.
When it finally comes on stream, the bank would be joining the likes of FBNHoldings Plc, FCMB Group Plc, Stanbic IBTC Holdings, and lately, Sterling Bank Plc in the HoldCo family.
The objective of the HoldCo structure, according to Access Bank, is to enable the Bank to accelerate its objectives around business diversification, improved operational efficiencies, talent retention as well as robust governance.
More details later…
