Access Holdings Plc (“the HoldCo”) has issued a formal statement to clarify its position following recent media publications regarding a circular issued by the Central Bank of Nigeria (CBN) dated June 13, 2025 (Ref: BSD/DIR/COM/LAB/018/008), which addresses regulatory forbearance and corporate credit exposures in the banking sector.
In the statement, Access Bank Plc, the banking subsidiary of Access Holdings, affirmed that it is in full compliance with the CBN’s single obligor limits and continues to uphold robust credit risk management practices. Furthermore, the Bank confirmed that as of December 31, 2024, it had surpassed the ₦500 billion minimum capital requirement mandated for international commercial banks under the CBN's recapitalization policy.
The Group further noted that it is actively working to align all relevant credit exposures by the CBN's deadline of June 30, 2025, in accordance with the regulatory forbearance directive—without compromising its strong capital position.
Most importantly, the Group assured its stakeholders and the investing public that this alignment process will not affect its dividend policy, and it remains committed to delivering consistent value to shareholders.
“Access Holdings Plc remains a well-capitalized, compliant, and resilient financial institution, committed to regulatory integrity and the sustainable growth of Nigeria’s financial system,” the statement emphasized.
The clarification was contained in a statement signed by the Company Secretary, Sunday Ekwochi, and published via the Nigerian Exchange (NGX).