Access Holdings tips UK subsidy for top 20 bank
Access Holding Plc said its wholly owned subsidiary, Access Bank UK, is well positioned to become one of the top 20 banks in the country, generating profit of about $1 billion yearly, just as the bank urged shareholders to participate actively in its ongoing rights issue. The bank is embarking on a capital raising of N351 billion by way of a rights issue to existing shareholders. Under the rights issue, 17.772 billion ordinary shares will be offered at N19.75 per share. At the ‘Facts Behind the Right Issue,’ presented at...
