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Home»Banking & Finance»CBN Approves Access Bank Holdings Injection Of $300Mn Into Access Bank Plc
Banking & Finance

CBN Approves Access Bank Holdings Injection Of $300Mn Into Access Bank Plc

By Orientalnews StaffApril 5, 2023No Comments1 Min Read
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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.

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