Yemisi Izuora
The Central Bank of Nigeria, CBN, has given its approval to the investment of $300 million by Access Bank Holdings to strengthen operations of its subsidiary, Access Bank Plc.
The Holding company said it has completed injection of $300 million capital investment into its flagship subsidiary, Access Bank Plc, which has been approved by the CBN, that has taken the form of a Tier 1 capital qualifying mandatory convertible instrument.
This investment is expected to improve the Bank’s shareholders funds and total capital ratios.
