Page 340 - ACCESS BANK ANNUAL REPORTS_eBook
P. 340

Nature of security  2. Personal guarantee  1. Legal Mortgage   2. Personal Guarantee
                                                                        Corporate Guarantee of Assets  Management Group Limited. 1. Pledged properties at Ikoyi Lagos     3  Domicilliation of Rental Income”

                                      d.    The related Director is required to execute a document authorizing the Bank to use their accruable dividends to defray any related-obligor’s delinquent exposures.
                                                                                         3. Debenture  Cash collateral  Cash collateral






                                                                         Performing    Performing    Performing    Performing   Performing
                                                                  Status


                                                                  Outstanding   Principal   31,250,000    119,983,765    8,123,918    46,655,178

                                                                              1,444,848,074           1,650,860,935
                                    c.     All affected Directors are precluded from taking part in the approval process of credit request wherein they have interest.



                                                                  Facility type  Term Loan  Time loan  Term Loan  Overdraft  Credit Card




                                       Bank’s duly approved Standard Operating Procedure for managing insider-related exposures.
                                                          a facility from the Bank that remains non-performing for a year of more than 12months.”
                                                                  Name of related  Mr. Gbenga Oyebode  Mr. Gbenga Oyebode  Mr. Ortisedere Otubu  Mr. Paul Usoro
                          Access Bank has some exposures that are related to its Directors. The Bank however follows a strict process before granting such credits to its Directors. The requirements for creating and man- a.    Complete adherence to the requirements for granting insider-related exposure as stated in the Bank’s Credit Policy Guidelines, the Insider-related Policy as well as the      e.    The Directors are required to execute documents for the transfer of th


                                                                     Directors
                                 b.    Full compliance with the relevant CBN policies on insider-related lending.



                                                                  Relationship to reporting  Ex-Non-executive director  Non-executive director





                                                                     institution  Ex-Chairman  Ex-Chairman







               Director-related exposures  aging this category of risk assets include the following amongst others:            enhance the bank’s Corporate Governance structure.     bank accounts which mitigate the risks to the bank.   Below is a schedule showing the details of the Bank’s director-related lending:   Name of borrower   1    Combined Industrial Agro Consult. Ltd.   2    Asset Management Group Limited   3    Sic Property and Investment Company Ltd   4    Pau














                44                                                S/N                                        Balance, end of year

          340 Access BAnk Plc
              Annual Report & Accounts  2017
   335   336   337   338   339   340   341   342   343   344   345