Regulatory Forbearance: Access Bank vows to meet CBN’s June 30 deadline

Access Bank Plc has stated that they are on course to comply with the Central Bank of Nigeria’s June 30 directive on regulatory forbearance, with plans to pay dividends and preserve capital strength in place.

This was contained in a statement issued by its parent company, Access Holdings Plc, and signed by Company Secretary Sunday Ekwochi on Wednesday.

The bank also assured CBN and its numerous customers that it is fully committed to the apex bank’s directive, which affects dividend payments, bonuses, and investment in foreign subsidiaries.

“The Bank will comply with the apex bank’s directive by June 30, 2025, while maintaining strong capital buffers and paying dividends to its shareholders,” the statement said.

The statement was issued in response to CBN’s 13 June 2025 circular, which outlined new expectations regarding the Single Obligor Limit and other regulatory concerns in the banking sector.

“In accordance with the Central Bank of Nigeria’s directive… the Bank is currently compliant with the single obligor limit requirement as of the date herein and will continue to ensure adherence to this regulation,” the statement reads.