Access Holdings Plc has reaffirmed its strong capital position and commitment to regulatory compliance as it prepares to meet the Central Bank of Nigeria’s (CBN) new directives on regulatory forbearance. The CBN has set a compliance deadline of June 30, 2025.

The financial conglomerate assured stakeholders of its continued focus on operational stability and delivering long-term value to shareholders.

In a corporate disclosure titled “RE: Central Bank of Nigeria’s Letter on Temporary Suspension of Dividend Payment, Bonuses, and Investment in Foreign Subsidiaries”, signed by Company Secretary Sunday Ekwochi, Access Holdings addressed the CBN’s latest directive, referencing the letter BSD/DIR/COM/LAB/018/008 dated June 13, 2025. The CBN's letter outlines new measures related to Single Obligor Limits and certain credit exposures.

This disclosure aligns with Chapter 17 of the Nigerian Exchange Rulebook 2015, which mandates timely and material disclosures to investors.

Access Holdings noted that as of December 31, 2024, its primary banking subsidiary, Access Bank Plc, had already exceeded the N500 billion minimum capital threshold required by the CBN for commercial banks with international licenses. This achievement positions Access Bank as the first financial institution to meet the new standard under the updated regulatory framework.

The bank confirmed it is fully compliant with the CBN’s Single Obligor Limit and is committed to ongoing adherence. On regulatory forbearance related to specific credit facilities, the bank expressed confidence in meeting all CBN requirements by the June 2025 deadline. Despite regulatory changes, the bank emphasized that it will continue to maintain robust capital reserves while fulfilling dividend commitments to shareholders.

Access Holdings also thanked shareholders and stakeholders for their trust and support, reaffirming its dedication to creating lasting value.

The company’s transparent communication and proactive regulatory stance reflect its financial stability and resilience in Nigeria’s evolving banking sector.