Home Access Bank Plc Access Bank Plc In brief Access Bank is the largest bank in Nigeria, with more than 36 million customers. Access Bank serves retail, small and medium-sized enterprises (SMEs) and corporate clients through almost 400 branches across Nigeria. Access Bank has a long history with Development Finance Institutions and has implemented corporate governance and risk management practices, including those related to E&S sustainability. Access Bank’s vision is to become Africa’s gateway to the world. The funding provided by Finnfund will be allocated to strengthen Access Bank’s Tier II capital and enable the bank to provide increased financing to SMEs in Nigeria during the economic crisis due to the COVID-19 pandemic. Main development impact Due to the loan facility’s Tier II nature, Access Bank can leverage the facility to attract more funding to finance SMEs. Financing SMEs will enable them to invest in their businesses, which leads to job creation and contributes to the country’s overall economic development and growth, as lack of access to finance is a reason many of these businesses struggle. Further, the bank is a forerunner in women’s financial empowerment. This transaction qualifies for the 2X Challenge portfolio based on the 2X Eligibility Criteria on employment, leadership, and consumption. Investment details Name: Access Bank Plc Project number: 80000002 Region: Africa Country: Nigeria Sector: Financial institution Signing date (month/year): December 2020 Currency: USD Finnfund's financing (commitment): 10,000,000 Instrument: Loan Size of the project financing: USD 93,000,000 Share of Finnfund's financing (%): 11 % Status: Active Website: www.accessbankplc.com Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year. Other investments Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument A.T. Biopower Co. Ltd. Thailand 2004 Access Bank Plc Nigeria July 2024 USD 10,000,000 Loan December Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: Access Bank Plc Sector: Financial institution Region: Africa Country: Nigeria Currency: USD Finnfund's financing (commitment): 10,000,000 Signing date (month/year): December 2020 Last update: April 2021