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Last update: 2021-09-06 00:00:00
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About Access Bank
Access Bank, founded in 1989, is a Nigerian commercial bank, which main business activities are organised along four business segments: corporate and investment banking, commercial banking, business banking and personal and private banking. The bank has several subsidiaries and branches throughout Africa as well as a few branches located in the United Kingdom. Access Bank was the first Nigerian bank to adopt the Equator Principles, in June 2009. BankTrack profiled this bank as part of its Tracking the Equator Principles campaign.
Plot 999C, Danmole Street
Victoria Island, Lagos State
Herbert Wigwe |
Annual report 2020|
CSR report 2019
listed on NSE
Access Bank's largest shareholder is its current CEO Herbert Onyewumbu Wigwe (4.27%, date listed Sept 6 2021). The bank's complete shareholder structure can be accessed here.
|Complaints and grievances||
Access Bank operates an Ethics Line which can be accessed here.
Banks and human rights
Human Rights Benchmark Africa 2021
Access Bank's human rights policies, processes and reporting were assessed as part of the Human Rights Benchmark Africa 2021. The bank is assessed as a Laggard, with a total score of 1.5 out of 14.
Due dilligence: 1/5
Tracking the Equator Principles
EPFIs reporting status
EP reporting page: https://equator-principles.com/reporting-access-bank-plc-2019/
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
Equator Principles: New BankTrack database sheds light on patchy project name reporting
Principles must bring commitments
Access Bank's MD Herbert Wigwe Arrested By EFCC Over Diezani's $5m Secret Fund, NIMASA And National Security Adviser's Funds
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New rules for Equator Principles, but no new commitments from banks
Equator Principles: Action, not words needed
Banking industry: the journey so far
Voluntary initiativesAccess Bank has committed itself to the following voluntary standards:
- Equator Principles
- Global Reporting Initiative
- Global Reporting Initiative- G3 Reporting Framework
- Nigerian Sustainable Banking Principles
- Partnership for Carbon Accounting Financials (PCAF)
- Principles for Responsible Banking (PRB)
- Principles for Responsible Investment (PRI)
- UNEP Finance Initiative
- United Nations Global Compact
Access Bank's webpage on corporate social responsibility can be accessed here.
Implementation and reporting
Access Bank is reporting on the implementation here.