Corporate Social Responsibility Report 2008 As ... - Access Bank

Corporate Social Responsibility Report 2008
operating in the country. In particular, there should be
a move towards the adoption of IAS 32 and IAS 39.
(d) That appropriate guidelines should be adopted to
check the increasing incidence of margin financing by
banks for speculative stock trading.
(e) That concerted efforts should be made to reduce
costs of capital market transactions. Participants
noted the willingness of the regulators to waive some
regulatory fees whenever approached. However,
participants observed that this discretion is
unnecessary,rather, overall costs should be lowered
and consistently adhered to.
(f) That the introduction of the concepts of qualified
institutional buyers and sophisticated investors for
Initial Offerings (rather than the current retail focus)
could also bring about a reduction in the cost of debt
and equity offerings.
(g) That standardized documentation should be adopted
for transactions in all asset classes.
(h) That specific and targeted measures should be taken
by all stakeholders to strengthen the market support
infrastructure especially in the area of credit ratings.
(i) That the Debt Management Office should consider
floating a dollar denominated bond offering. This
would go a long way in the determination of a
credible yield curve for dollar denominated debt issues
being embarked upon in the international markets by
Nigerian financial institutions.
ECONOMIC INTELLIGENCE REPORTS ON WEBSITE
We also provide our stakeholders with up-to-date
economic intelligence reports on various issues ranging
from policies, market analysis, to Nigerian economic
indicators, regional developments, world economy and
business updates.
The information is available on the Access Bank Group
website – www.accessbankplc.com and can be viewed on
various platforms such as Weekly Economic and Business
Review; Customers Digest; Trade Digest and Investors
Digest.
Daily market information on current market capitalisation,
Open Market Operations (OMO) Auction; Nigeria Inter-
Bank Offered Rate (NIBOR); Nigeria Inter-Bank Forex Rate
(NIFEX) are also provided on our website.
Other products and services of Access Bank include:
SMALL AND MEDIUM SCALE FINANCE
Our SME Banking service offers one of the widest ranges
of banking products and services in the market today. We
avail SMEs of our cash management products which
include timely information and easy access to funds, credit
facilities with flexible repayment options and trade services
for domestic/international trade. This service is categorised
under the Retail Banking division of the Bank.
LOANS
At Access Bank, we offer our customers a wide range of
working capital financing options, to enable them to meet
their short term financing needs. Loans offered by Access
Bank include drawing against uncleared bank cheques;
overdraft facilities; revolving credit facilities; invoice
discounting and leases.
WEALTH MANAGEMENT
Access Bank specializes in providing clients with integrated
wealth management services. These encompass the
principal areas of advisory, investment banking and risk.
Our tailored services are created to suit the individuality of
our clients and meet their complete range of financial
needs from traditional banking to innovative investments
and financial planning.
A full array of high quality and personalized banking
services are available to our clients. These are managed by
relationship managers with the expertise to select the
right combination of banking services, to provide effective
cash management, liquidity and credit/margin facilities to
suit individual client needs. Wealth management products
include portfolio management; card services; custody and
safe keeping; hold mail services and concierge/passenger
assist services.
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