Monday, May 04, 2020 / 12:34 PM / NSE / Header Image Credit: TodayNG
attention of Access Bank Plc ("the Bank") has been drawn to rumours circulating
in the news media that the Bank is closing over 300 of its branches in Nigeria
and downsizing its workforce by 75%.
rumours have justifiably raised concerns among the Bank's stakeholders
including employees, customers, shareholders and the general public.
a responsible corporate citizen, we wish to inform our esteemed stakeholders as
the closure of a bank branch is an action that requires the approval of the
Central Bank of Nigeria and that the Bank has not applied for nor obtained the
approval of the Central Bank of Nigeria ("the CBN") for the closure of any of
its branches as widely speculated. The Bank has only suspended operations in
some branches following the directive by the CBN.
the onset of the COVID-19 pandemic lockdown, we suspended in-branch operations
at different locations as directed by the CBN and in line with business
continuity plans at vulnerable spots, whilst we continued to provide services through
our alternative digital platforms. Beyond complying with the regulatory
directive, this action was taken to ensure the health and safety of our
customers and employees.
line with the phased re-opening of the economy effective May 4, 2020 following
the Presidential directive, we will be resuming in-branch services in some of
our affected branches in a programmed manner to ensure the health and safety of
our employees and customers. This is also necessary to provide relevant
contingency should there be any incident arising from the pandemic.
recognise that the threat of the COVID-19 pandemic is still out there and
whilst we will do all that is required to ensure the safety of all our branches
in line with the protocol advised by the health authorities, we urge our
customers to leverage more of our digital channels for their transactions .We
have made significant investment to ensure their availability throughout this
period and beyond.
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