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Nairaland Forum / Nairaland / General / Business / Access Bank To Shut Down 346 Banks Nationwide (List) (158256 Views)
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Re: Access Bank To Shut Down 346 Banks Nationwide (List) by OloriOfMontreal: 10:51pm On May 02, 2020 |
wumi2017: please send me your account number. Thanks |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by sircatherine45(m): 10:51pm On May 02, 2020 |
Abeyjide:I wonder |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by alfarouq(m): 10:51pm On May 02, 2020 |
Just to think that some months back, I was actually arguing with a GT fanboy that acess is on same level as GT if not more. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by lastempero: 10:52pm On May 02, 2020 |
They are indirectly killing their business, because there will be panic withdrawal. 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Ishilove: 10:53pm On May 02, 2020 |
They are essentially closing most of the Diamond bank branches. What is my own. I will quietly port to other banks if getting a branch close to me is difficult 3 Likes |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by GreenArrow1(m): 10:54pm On May 02, 2020 |
softset: It's so painful. I can't even wish that for my enemy who probably has mouths to feed. I feel like crying reading this bit of bad news. 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by chigoizie7(m): 10:55pm On May 02, 2020 |
Sagay212: The matter of acquisitions or mergers are gradual process thing. Most of the staff in both diamond bank and AccessBank knew that a day like this will come. I was a staff of AccessBank, I resigned and found my way out of naija immediately the merger talks began. The merger consists of so many things. But assets and liabilities are involved. If they had started closing down branches of diamond bank and sacking them immediately the merger went down, Trust me, many customers would have pulled out from diamond bank in panic that they are closing down. And if that happens, automatically it brings about cash runs, so if all the customers of diamond bank pull out from the bank, what will be AccessBank banks gain of merging with them? When eco bank swallowed oceanic, the same thing happened, when AccessBank swallowed inter, same thing. What they will do is in each locations where there are diamond bank and AccessBank, they will check the bigger or better building and close down the other one. I never expected them to closedown and sack the staff immediately the merger went down. It would have been disastrous to both of them. Trust me. They lost so much money over the period they were running double branches concurrently in the same location. Every business mans aim is to make money and not to in-cure losses. That is a nice move that has been on the pipeline.they had planned all these months back, they have made their budgets for the next financial year and didn’t include those affected branches in that budgets. It is just a coincidence that it fell in this covid 19 times. 18 Likes 3 Shares |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Raymeskey: 10:55pm On May 02, 2020 |
Bastards.............. No wonder their ATM have not been working since the last 3 days. Hope they wouldn't cripple someone's "change” |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Tareq1105: 10:56pm On May 02, 2020 |
Ayekotoo: That's the results of Emir Sanusi hatred for Akingbola where smaller fish swallowed a bigger fish. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by ngwababe(f): 10:56pm On May 02, 2020 |
Those staff wey too dey form for bank as if say we come beg them money, wetin go be their fate now? Thank God I recharged with the last #N500 in my Access bank account today. 2 Likes |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by chigoizie7(m): 10:57pm On May 02, 2020 |
alfarouq: Trust me. They are. If gt has merged with another bigger bank with a lot of branches. They would do the same thing. Some of the closures are understandable. For example. There is an AccessBank next to diamond band inside unizik awka. Also. There is AccessBank next to diamond bank in Regina awka. There is also an AccessBank next to diamond bank in main market. Same in building materials ogidi. I do not think that both branches will operating at the same time in the same location when it actually is one entity. That is a pure waste of running cost. It is very understandable that half of the AccessBank branches be closed after the merger with diamond bank. No need for the waste. And since those branches are closed, the staff will also be retrenched. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by wumi2017(f): 10:57pm On May 02, 2020 |
OloriOfMontreal: 3079148938 layiwola ganiyat wumi,,, first bank,,thank you so much.may you never know hunger.. I'm grateful |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by chigoizie7(m): 11:00pm On May 02, 2020 |
Investnow2017: I am glad that some people actually understand how some organization such as banks are run. AccessBank is still a very strong bank. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Investnow2017: 11:01pm On May 02, 2020 |
PHijo: I think the environment in which they operate is also a factor. Do you know what it costs to run 346 diesel generators attached to these 346 branches? Coupled with an army of staff? I once lodged in a hotel somewhere in Nigeria and being that I am a regular customer I wanted a good deal as I was staying longer than a week. So I was asked to speak with their MD. His complaint was of huge NEPA bill aside from what it costs him to oil the pockets of NEPA managers manning his area. And all that in addition to the cost of running two giant automatic diesel powered generators. Men I felt for him. He didn't even go into his payroll stuff and taxes. When you make any attempt to upgrade your system in a generator-powered economy, you will have no option than to embrace the virtue of patience. It is almost always unprofitable. Ask MTN how much it costs them to power their myriads of generators attached to their equipment Nationwide. Their only advantage is that Nigeria is a huge market and great consumers, otherwise they would sooner be out of business. To move forward Nigeria must fix it's energy challenges. There is no easy shortcut. That is the sad reality. . 10 Likes 2 Shares |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by 1234IKECHhukwu: 11:01pm On May 02, 2020 |
Covidodo:it's a mixture of both so that u won't suspect anything. 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by DragonLord0462: 11:01pm On May 02, 2020 |
But why did they dash federal govt money when they have more issues to settle within . Who exactly cursed this country ehn ? |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Zyzxx10: 11:01pm On May 02, 2020 |
Chai. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Efeeloi: 11:04pm On May 02, 2020 |
I won't wait for anybody to sack me, I already have plans B, I no get shock absorber abeg. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Usorohtheman(m): 11:04pm On May 02, 2020 |
They should just make a law that anybody who is tired of living, can be supported to commit suicide. Oboy, many Nigerians will suffer oooo |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Slimsly100(f): 11:05pm On May 02, 2020 |
How many come remain na |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by BreconHills(m): 11:06pm On May 02, 2020 |
Area4Area: I am not sure this list is correct. Broad Street branch? |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Covidodo: 11:07pm On May 02, 2020 |
1234IKECHhukwu:You may be right . |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Dharniel600(m): 11:09pm On May 02, 2020 |
They even closed the only branch in ughelli. This bank no serious 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by ebifeventures(m): 11:09pm On May 02, 2020 |
This report is not correct |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Poorboy: 11:10pm On May 02, 2020 |
Sofistcatdmoron:how much is even there......... |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by chuckpeter001(m): 11:10pm On May 02, 2020 |
My money o |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Bayurzx: 11:10pm On May 02, 2020 |
How do they expect their customers to withdraw their money or do they expect us to wait for them to turn our savings to fixed deposit! |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by MrMcJay(m): 11:11pm On May 02, 2020 |
alezzy13: Access bank is currently giving very negative signals. They are behaving like a small bank. They lack the temperament and maturity needed for sectoral leadership. 3 Likes |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by elisho: 11:14pm On May 02, 2020 |
let me go and moved my money before they donate it to useless federal government again R.I.P access bank |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by wanderlust007(m): 11:16pm On May 02, 2020 |
DragonLord0462: Hope you know the 1 billion can't pay 1month staff salaries. Access bank's wages and salaries for a year is about 73billion. So, if they did not donate 1billion to the government, this would still have happened They have always had cost issues making them have lower profits compared to banks of same Cadre even when sometimes Access has higher revenue... this seems like an opportunity to combat it. Access is still a strong bank. The news is sad though and more might come from other banks and even companies from other sectors soon, as the war against covid continues. Our prayer is that it doesn't go beyond this month. 1 Like 1 Share |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by phoexix: 11:17pm On May 02, 2020 |
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