Page 109 - ACCESS BANK ANNUAL REPORTS_eBook

Group Group Bank Bank
Dec-17 Dec-16 Dec-17 Dec-16
In thousands of Naira

Total equity 515,447,409 454,494,580 469,491,097 421,678,620
Total impaired loans and advances 101,349,866 39,438,630 82,496,444 31,546,928
Total impaired loans and advances to gross risk assets (%) 4.76% 2.10% 4.28% 1.80%

Interim dividend
The Board of Directors proposed and paid Interim Dividend of 25 Kobo per ordinary shares (HY2016: 25K) payable to sharehold-
ers on the register of shareholding at the closure date. Withholding Tax was deducted at the time of payment.

Proposed dividend
The Board of Directors has proposed a Final Dividend of 40 kobo (FY2016:40 Kobo) per ordinary share payable to shareholders
on the register of shareholding at the closure date. Withholding tax will be deducted at the time of payment.

Directors and their interests
The Directors who served during the year, together with their direct and indirect interests in the issued share capital of the Bank
as recorded in the Register of Directors’ Shareholding and as notified by the Directors for the purposes of Sections 275 and 276
of the Companies and Allied Matters Act and listing requirements of the Nigerian Stock Exchange are noted below:

Number of Ordinary Shares of 50k each held as at

31-Dec-17 31-Dec-16
Direct Indirect Direct Indirect
M. Belo-Olusoga- Chairman 3,604,838 - 3,604,838 -
H. O. Wigwe - GMD/CEO 206,231,713 2,480,582,395 206,231,713 2,480,582,395
O. D Nwosu - GDMD* 30,004,585 - 30,004,585 -
R. C. Ogbonna - GDMD** 28,000,558 - 28,000,558 -
E. Chiejina*** 9,441,005 - 9,441,005 -
K. Ogunmefun - 1,457,263 - 1,309,763
V.O. Etuokwu 13,579,889 - 13,579,889 -
O.N. Olaghere - ED 19,451,332 - 19,451,332 -
T. Osuntoki - ED 28,728,854 - 28,728,854 -
P. Usoro 1,209,634 - 1,209,634 -
A. Awosika - - - -
E. Ndukwe 700,000 - 700,000 -
A. Mamman Tor Habib - - - -
G. Jobome - ED**** 5,264,346 - - -
I. T. Akpana***** 314,996 - - -
A. A. Adekoya****** - - - -
H. Ambursa ******* 6,927,181 - - -

* Resigned effective April 30, 2017
** Appointed GDMD effective May 1, 2017
*** Retired effective June 23, 2017
**** Appointed effective January 17, 2017
***** Appointed effective March 8, 2017
****** Appointed effective March 7, 2017
******* Appointed effective November 28, 2017

The indirect holdings relate to the holdings of the underlisted companies
Dec-17 Dec-16
H.O. Wigwe United Alliance Company of Nig. Ltd 1,075,468,437 1,075,468,437
Trust and Capital Limited 1,405,113,958 1,405,113,958
A.O. Ogunmefun L.O.C Nominees, Limited 1,457,263 1,309,763

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Annual Report & Accounts 2017