Access Bank promises to maintain leadership position on FMDQ OTC

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Group Managing Director of Access Bank Plc Herbert Wigwe

The Group Managing Director/Chief Executive Officer of Access Bank Plc, Mr. Herbert Wigwe has said the bank would maintain its number one position on activity chart of FMDQ OTC Securities Exchange.

Access Bank has remained number one on the activity chart, accounting for the highest value of securities trading on the platform. It led the top 10 banks to trade N121.59 trillion on the FMDQ OTC in 2016, a value that represented 71 per cent of the overall turnover in the market.

Speaking at the FMDQ OTC office at the ceremony to list Access Bank N35 billion commercial paper (CP), Wigwe said the bank would deplore needed resources to maintain its leadership position.

According to him, the successful raising of N35 billion under the bank’s N100 billion CP programme is one of the strategies to remain an international financial group. He had noted that the high level of confidence investors reposed on the bank led to the successfully raising of the N35 billion from the market.

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