September 26, 2013/NSE
We refer to the publication by Business Day Newspaper with the title ‘Third-Quarter Earnings of Banks with Equity in CDL May Drop’ in its today’s edition.
The newspaper had reported that Access Bank has equity and deposit exposures to Consolidated Discount House Ltd (‘CDL’), a company which is reported to be under Central Bank of Nigeria’s regulatory action.
To correct the wrong signal which the above publication might send to our esteemed stakeholders we hereby issue the following statements.
1.That Access Bank Plc does not have any equity nor deposit exposure with Consolidated Discount House Ltd as at today.
2.The Bank had in August 2012 with the approval of its Board and the Central Bank of Nigeria disposed of its equity interest in CDL for valuable consideration.
3.The Bank has today demanded from BusinessDay a retraction of the misleading publication.
We request that you release the above information to market operators accordingly.
Thank you