The Debt Management Office (DMO) has commended Access Bank Plc for emerging as the most outstanding Primary Dealer Market Makers (PDMM) during the first half of 2016.
In a statement released by the DMO office recently, the bank emerged most outstanding PPDM in the first half of 2016 in terms of fulfilment of the performance assessment criteria for primary and secondary markets stipulated in the General Rules and Regulations Governing the PDMM system in Federal Government of Nigeria Securities.
The commendation was giving to the bank for its outstanding contribution to the continued growth and development of the FGN Bond Market especially even under a difficult operating economic environment.
Commenting on the feat, Access Bank Group Treasurer, Mr. Oladapo Olagunju stated “Our bond dealers are widely respected by participants in the market and this recognition by DMO is a confirmation of the leadership position that the Bank commands in the financial markets.
This is the first time that DMO will be publicly commending a bank and we feel highly honoured to be the first recipient of this accolade. We believe this is a testament to the bank’s continued push towards becoming the world’s most respected African bank.”
Access Bank is a full service commercial bank operating through a network of 353 branches and service outlets located in major centres across Nigeria, Sub Saharan Africa, and the United Kingdom with representative offices in China and the UAE. Listed on the Nigerian Stock Exchange in 1998, the bank serves its various markets through four business segments: personal, business, commercial and corporate and investment banking. The bank has over 830,000 shareholders including several Nigerian and International Institutional Investors and has enjoyed what is arguably Africa’s most successful banking growth trajectory in the last twelve years ranking amongst Africa’s top 20 banks by total assets and capital in 2015.
As part of its continued growth strategy, Access bank is focused on mainstreaming sustainable business practices into its operations. The bank strives to deliver sustainable economic growth that is profitable, environmentally responsible and socially relevant.