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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