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Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Lexusgs430: 10:39am On May 03, 2020 |
Sardauna24: The only layoff i would ever experience, is when I retire........... And that's if we can call that a more decent form of laying off...... |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Coolabbie: 10:41am On May 03, 2020 |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Ugmama(m): 10:47am On May 03, 2020 |
DeLaRue: This is how those that understand banking talks 2 Likes |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by jteku(m): 10:52am On May 03, 2020 |
GamalNasser: That is the game plan 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by MEGA4BILLION(m): 10:53am On May 03, 2020 |
seunmsg: Enterprise Bank was formed to assume the assets of the defunct Spring Bank, a product of the merger of six banks during the 2006 consolidation exercise. The legacy banks were ACB International Bank Plc, Citizens International Bank Plc, Fountain Trust Bank Plc, Guardian Express Bank Plc, Omega Bank Plc, and Trans International Bank Plc. Spring Bank however struggled due to a series of factors, chiefly corporate governance issues, and infighting among majority shareholders of the legacy banks. Thus, it was severely affected by the impact of the global financial crises of 2008. As a result it was one of the eight banks taken over by the Lamido Sanusi led CBN in 2009, with the appointment of a new board to stabilise and recapitalise the bank. When it was obvious that the bank, alongside Bank PHB and Afribank, would not be able to meet the September 2011 recapitalisation deadline, the CBN revoked their licenses, and handed them over to NDIC. The Corporation on its part formed Enterprise Bank, Mainstreet Bank and Keystone Bank to assume the assets of the three banks. They were thereafter sold to AMCON, which appointed its own management and injected N680 billion into the banks, with the promise to sell the banks within three years. The process of selling the banks started in 2012, with the appointment of Renaissance Capital and CitiBank to advise AMCON on what method to adopt in selling the banks. On their part, the advisers recommended that the banks be sold to local and foreign investors. https://www.vanguardngr.com/2014/10/heritage-bank-enterprise-bank-acquisition-defied-industry-standard/ Platinum bank and Habib bank merge to bankPHB which later acquired by Keystone bank. Show me where Spring bank comes in here. I'm talking about a bank I have been banking with since 2004. If you still argue, it means you lack comprehension ability. 1 Like 1 Share |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by mranarchy: 10:54am On May 03, 2020 |
130 branch in Lagos only this serious |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by sojayy(m): 10:54am On May 03, 2020 |
GamalNasser: And Na ibos plenty pass for diamond banks, this is bad mehn. 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by wristbangle: 10:57am On May 03, 2020 |
chigoizie7: Nobody is contending this but he disguised under COVID-19 to perfect his long term plan to shut down and retrench employees, especially diamond bank and low perfoming access branches which are few in the list. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by drololaaof: 11:05am On May 03, 2020 |
It is very disheartening that we have cruel ,heartless people's leading us in this country how can some CEO \ MD of companies ,banks donate to COVID 19 relief to national account later to start sacking staff's for whatever reason they are robbing Peter to pay Paul ,we have no good government otherwise part of the stimulus package should be for preserving job losses . The money donated who are to benefit from it, is it dead retrenched staff . ACCESS bank didn't remember their customers during the pandemic very bad |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by budaatum: 11:06am On May 03, 2020 |
asanwafo:You and who is "we"? Some, are talking about the entire world because that is what they look at. You, are talking about Nigeria because that is all you see. Have you considered widening your horizon so you too can see more? |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by olumide4christ: 11:08am On May 03, 2020 |
Chisave: Same here...and it was painful to me when I heard of the Merger/Acquisition with Access bank. For me, Diamond bank was 2nd only to Guaranty Trust Bank. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Prophet777: 11:09am On May 03, 2020 |
What a gibberish & irritating response... I hate to have these discussions because I have a large dose of human empathy... But why would “that cleaner” have 3 school-age kids (and of course many have even more kids) on N15K per month? The irony is that professionals who can afford it nonetheless try to keep family sizes manageable.... Frankly, kids shouldn’t just be seen as a “blessing” for parents, but parents should be able to “bless” the kids they have. GOOD LUCK TO ALL... Often times, darkness often precedes light. >[/quote] 3 Likes 1 Share |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by mydavidorf: 11:10am On May 03, 2020 |
So sad |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by seunmsg(m): 11:25am On May 03, 2020 |
MEGA4BILLION: Let me just help you out of your ignorance. BankPHB acquired the majority shares of Springbank around December 2008. The acquisition was approved by CBN (see the link I earlier supplied). Consequently, BankPHB became the parent company of Spring bank. The intention of BankPHB was to integrate the operation of the two banks and come out with a big BankPHB. Unfortunately, some minority shareholders of Spring bank led by its board chairman, Segun Agbetuyi vigorously opposed the acquisition and went to court to frustrate the merger of the two banks. As a result of the court case, the integration process was put on hold. During the same period, the global economic meltdown of 2008/2009 and the crash of the NSE badly affected the liquidity position of BankPHB. The bank was in distress. Above was the situation when Sanusi came on board in June, 2009. The new CBN governor conducted a stress test on all the 25 banks in the country and discovered that BankPHB, Spring bank etc were in serious trouble. BankPHB had already acquired Spring bank the previous December but they were operating separately and unable to merge as a result of the pending court case. This doesn’t change the fact that BankPHB owns majority of Spring bank’s shares. Based on the outcome of the stress test, NDIC took over the two banks and others in similar condition as “bridge banks”. AMCON then came in to acquire the bridge banks and operate them as commercial banks. The successor to BankPHB was renamed Keystone bank while Spring bank was renamed Enterprise bank. The new owner decide to manage and eventually disposed them off separately. BankPHB and Springbank were both liquidated with the original investors in the two banks getting little or nothing for their investment. Above is what played out between the two banks. A simple google search of the topic would have cured you from ignorantly asserting confidently that BankPHB never acquired spring bank. 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by IamTallest: 11:29am On May 03, 2020 |
Audio profits!! How can Access Bank claim to have made P.A.T of N40.9B in Q1 of this year ended march 2020,only for it to close down more than 300 branches citing Covid19 as the cause?why couldn't they plan a 40-50% pay cut for junior staffs and 60-70% pay cut for senior staffs since they earn higher?at least this way,they all get to keep their jobs. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by olumide4christ: 11:38am On May 03, 2020 |
alfarouq: Hehehe... LOL...Bros..are you a comedian?? That must be the joke of the century! I have accounts with both banks, so I know. GTB is light years ahead of Access Bank any day any time! |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Abujaexpress: 11:51am On May 03, 2020 |
GamalNasser:I think I agree with you, otherwise I see no sense in closing ACCESS Bank (formerly Diamond Bank Plc), Ademola Adetokunbo Crescent in Abuja. It's one of the busiest banks in Abuja. I believe the Diamond Bank factor is at play 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by bassammy: 11:52am On May 03, 2020 |
Knowing the impact of Covid-19 in businesses, You donated 1 billion naira, Then starts shutting down branches, mostly former Diamond Bank branches. Too bad! I spotted my former branch in the list, I and everyone in my batch was relieved of our job January 2020 by same bank. So even if i'm still there it's just a matter of 2-3 months before it comes. God will provide a better one one for us all. Amen! |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by GamalNasser: 12:00pm On May 03, 2020 |
sojayy: Exactly |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by josite: 12:03pm On May 03, 2020 |
sarrki: we paid it year in ,year out as dividends to shareholders of the bank.dont u get ur own dividends from ur investments |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Enosampson: 12:08pm On May 03, 2020 |
THIS IS VERY SAD I WOULD LOVE TO TEACH ANY ONE INTERESTED HOW TO BE A PETROLEUM PRODUCT MARKETER . FOR ONE ON ONE COACHING.5,000 GROUP CLASS .. 3,0000 WHATSAPP 08039318059 |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by OloriOfMontreal: 12:17pm On May 03, 2020 |
MyVILLAGEpeople: Thank you. We thank God for enabling. Amen and God bless you too. 1 Like 1 Share |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by poporinwa: 12:21pm On May 03, 2020 |
Thank God I left last year after I read a book that said sack your boss. I got to the office the following morning and put in my letter. I just started my little bit... believing it will flourish 1 Like 1 Share |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by JayPeeOham: 12:22pm On May 03, 2020 |
sarrki: OP the heading should be: "ACCESS BANK TO SHUT DOWN 346 BRANCHES".....not "Banks"....how Access bank go close other Banks for Naija 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Nobody: 12:25pm On May 03, 2020 |
Area4Area: Thank God I don't have account with them. All the branches I know in my town is in list, imagine traveling to another town that can cost almost 3k to and fro just to bank. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by c4tnoelz: 12:26pm On May 03, 2020 |
sarrki:Amen |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by livebullet(m): 12:27pm On May 03, 2020 |
seunmsg: Try Union bank ....103 years of surviving the Nigerian Economy both colonial and post colonial |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Aurora1: 12:30pm On May 03, 2020 |
There are lots of Diamond Bank branches there. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Aurora1: 12:41pm On May 03, 2020 |
[quote author=guru90 post=89124472]Na waooh, They are not closing all the branches listed. Many of them, yes. All, No. The affected branches 'may' remain closed till December. Some of the staff have taken pay cuts. Some have been sacked. NB. I don't work there. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by asanwafo: 12:42pm On May 03, 2020 |
budaatum:And u think ur horizon is widened with that poor analysis of urs |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Carlyboi(m): 12:48pm On May 03, 2020 |
Topmaike007:frfr bro the whole 3 |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by budaatum: 12:50pm On May 03, 2020 |
asanwafo:The analysis that I used the data that you bought for poor me to write and post? Yes, I'm wide with it. I'm sorry its too wide for you but I don't do refunds. |
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