What It Does: Access Bank provides various financial and banking services to its diverse clients. Its services include retail banking, corporate banking, wealth management, internet banking, securities management, loan issuance, issuance of cheques, debit cards, credit cards, collateral assessment, and so on.
Mission: Access Bank's mission is to set standards for business practices that are sustainable to unleash employees' productivity, offer premium values as well as provide solutions for the market and immediate community.
Size And Presence: Access Bank employs more than 5,500 workers in its 556 branches across the country.
Best Known For: Access Bank has won several banking awards. Last year, Access Bank was the Best CSR Bank in Nigeria in Finance Derivative Awards. In the same award event, the bank also won Best Mobile Banking App in Nigeria. Access Bank was named the Best Commercial Bank in Nigeria in the International Banking Awards. Access Bank won the Sustainable Bank of the Year in Africa in the World Finance Awards. These are just a few of its awards. They highlight the level of excellence Access Bank has achieved in the industry.
The Good Bits: The pay is competitive. Access Bank provides a sound welfare program for its staff.
The Not-So-Good Bits: The work stress is high, and the work-life balance is not ideal.
Access Bank was founded in 1988. It was licensed that same year to operate as a financial institution in Nigeria. In 1989, Access Bank became a private commercial bank and officially commenced operations. Nine years after its establishment, Access Bank became a public limited company and was listed on the Nigerian stock exchange. In 2002, CBN issued Access Bank a universal banking license.
The following year, there was a change in the bank's upper echelons of administration. Aigboje Aig-Imoukhuede rose to the office of MD/CEO, while Herbert Wigwe was appointed the Deputy MD. At the time, Access Bank was almost unheard of in the banking world, and with the appointment of its new top staff, the bank was on a mandate to become one of the leading financial institutions in the country, a notion that was deemed improbable.
Against all odds, Access Bank did excellently in its first year after the change in administration, and today, the company is rightly positioned as one of the best banks in the country. Access Bank has even expanded beyond Nigeria into other African countries.
Access Bank's culture is based on excellence in service and empowered employees. Both values work hand in hand because when employees are empowered and given a voice and a platform, they become more invested in their jobs, and the improved productivity takes the company to greater heights. Access Bank is one big family regardless of ethnic and cultural differences. Co-workers show mutual respect and frequently collaborate on tasks. Fresh graduates and interns will thrive in this company.
Access Bank is driven by technology and innovation. The company welcomes change and offers a platform that ushers it within its ranks. Their entry-level tech recruitment seeks to usher in qualified graduates who fulfill specific criteria and are willing to begin a career in a designated tech field. The company also offers training and career development opportunities to its employees.
The bank adopts a 5-stage hiring process for selected applicants. The process includes the following:
A fresher at Access Bank earns an average annual salary of ₦1.2 million.
As the Best CSR Bank, Access Bank is involved in numerous projects. One of them is grassroots education. The bank has offered complete sponsorships to several primary school children to ensure they receive basic education.
No financial institution is free from some controversy. However, there's no widely published controversy involving Access Bank.