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The bank is a medium-sized retail bank, serving the needs of Zambian companies, small and medium sized enterprises and individuals. As of December 2022 Access Bank Zambia had assets valued at ZMW:5,869,391,000 (approximately US$528.24 million), with shareholders equity of ZMW:962.87 million (US$86.66 million). [4]
Access Bank Plc, commonly known as Access Bank, is a Nigerian multinational commercial bank, owned by Access Bank Group. It is licensed by the Central Bank of Nigeria, the national banking regulator. [1] Originally a corporate bank, they expanded into personal and business banking in 2012. Access Bank and Diamond Bank merged on April 1, 2019.
The merger was completed in March 2019. The combined bank retained the name Access Bank Nigeria. Recent events. On October 24, 2021, Access Bank announced it has entered a binding pact to merge its Zambian unit with African Banking Corporation Zambia Limited in a planned reformation coming barely 9 months after it bought the subsidiary. The ...
Revaluation of fixed assets. In finance, a revaluation of fixed assets is an action that may be required to accurately describe the true value of the capital goods a business owns. [1] This should be distinguished from planned depreciation, where the recorded decline in the value of an asset is tied to its age.
Asset and liability management (often abbreviated ALM) is the practice of managing financial risks that arise due to mismatches between the assets and liabilities as part of an investment strategy in financial accounting . ALM sits between risk management and strategic planning. It is focused on a long-term perspective rather than mitigating ...
A fixed asset, also known as long-lived assets or property, plant and equipment ( PP&E ), is a term used in accounting for assets and property that may not easily be converted into cash. [1] Fixed assets are different from current assets, such as cash or bank accounts, because the latter are liquid assets. In most cases, only tangible assets ...
US$ 3.14 Billion (2017) Total equity. US$ 0.79 Billion (2017) Number of employees. ~6,500 (2015) Website. www .atlasmara .com. Atlas Mara Limited, formerly referred to as Atlas Mara Co-Nvest Limited, [3] is a financial services holding company formed to undertake the acquisition of target banks in Africa.
Atlas Mara Bank is a large retail bank serving individuals, small and medium sized enterprises, large corporations and government departments across Zambia. As of December 2016, the bank controlled US$616 million in assets. At that time its branch network totaled 65 full branches, 24 agencies and 177 automated teller machines.