Managing director of the bank, Herbert Wigwe in a notice to
shareholders on Saturday said the new company will be known as Access Holdings,
PIc, but trading as Access Corporation.
“This change will see us evolve from a bank into a
large-scale ecosystem player offering a new globally connected set of
services”, Wigwe said.
“This ecosystem will offer specialized services at the same
time as a seamlessly integrated experience to improve both relevance and
convenience.
“Access Corporation will oversee a group of portfolio
companies with significant complementarities that will drive more value for
you.
“These include Access Bank Group: banking remains at our
core, now equipped to provide best-in-class, seamless and consistent Customer
Experience, and service delivery in its operations in Nigeria, and across its
14 subsidiaries in Africa, Europe and Asia.
“Lending Company: a Consumer Lending Company, serving
individuals and SMEs. The products on offer will include buy-now-pay-later
loans, car loans, small mortgages, salary-based loans, working capital loans,
durable goods loans, point of sale loans and much more. This is a digital
business, focused on speed, convenience and value.
“Payment Company: a Payment Services Company that will drive
payment domestically, across the African continent and beyond.
Primarily a business services company, the Payco will make
payments simpler, faster and more efficiently. The focus will be on; Switching,
Card Processing, New and Emerging Payments managing access payment gateway to
facilitate e-commerce.
Payco will partner with organisations to be the most-trusted
FinTech enabler on the continent.
“Insurance Company: we recognize that Insurance is key to
sustaining businesses, and it is a tool to protect intergenerational wealth and
benefit societies. Access Insurance Brokerage would provide a value-added
insurance brokering service focused on your individual and business protection
needs.
“Your banking service experience will be highly improved,
and you will be connected to even more exceptional opportunities to suit your
lifestyle and business needs”.
Wigwe also announced changes in the company’s structure from
May 1.
He will become head of the Access Corporation as the Group’s
Managing Director/Chief Executive Officer.
Roosevelt Ogbonna will take over as Managing Director/Chief
Executive Officer of the Bank.
“I will continue to support the banking group as well as
other business verticals with the new holding company and hope we can also
count on your continued support as we write the next 20 years of our journey
together”, Wigwe wrote.