Access Holdings Vows to Meet CBN Credit Rule Deadline by June 2025
Access Holdings Plc has informed the Nigerian Exchange and investment community about its plan to meet Central Bank of Nigeria’s regulatory requirements regarding Single Obligor Limit and related credit facilities by June 30, 2025.
In an official communication posted on the Nigerian Exchange website, Access Holdings disclosed:
“Regarding the Central Bank of Nigeria’s letter, BSD/DIR/COM/LAB/018/008, dated June 13, 2025, concerning regulatory forbearance on Single Obligor Limit and other credit facilities, as well as Chapter 17 of the Nigerian Exchange Rulebook 2015 regarding disclosure of material circumstances, Access Holdings Plc (‘the Company’) wishes to make the following disclosures to the investing public.
“As of December 31, 2024, the Company’s banking subsidiary, Access Bank Plc (‘the Bank’) was the first bank to meet and exceed the Central Bank of Nigeria’s N500 billion minimum capital requirement for commercial banks with international authorisation.
“Per the Central Bank of Nigeria’s directive mentioned in the referenced letter, the Bank is currently compliant with the single obligor limit requirement as of the date herein and will continue to ensure adherence to this regulation.
“Regarding the regulatory forbearance on credit facilities, the Bank will comply with the apex bank’s directive by June 30, 2025, while maintaining strong capital buffers and paying dividend to its shareholders.
“We assure our esteemed shareholders and stakeholders of our commitment to delivering sustainable value in the immediate and long term and thank them for their trust and support over the years.”
