Tuesday, Jul 23rd 2019 7:05 AM
Lagos
+29°C

Market Digest Nigeria

Business

Access bank now Africa’s largest retail bank, unveils new logo

Access Bank

Access Bank has unveiled a new brand logo to reflect its new status following the completion of its merge with Diamond Bank. The News Agency of Nigeria (NAN) reports that the new brand logo was unveiled to audience at the Eko Hotel & Suites in Lagos on Sunday night.

Mr. Victor Etuokwu, the bank’s Executive, Personal Banking, said at the launch of the logo that 400 branches would start showcasing the new logo effective from Monday (April 1). Etuokwu said the merger created a Nigerian banking powerhouse and a Pan-African financial services champion with 27,000 staff across 592 branches.

He said that with the successful merger, bank has become largest retail bank in Africa by customer base spanning three continents, 12 countries and with 29 million customers..

According to him, the new visual identity fuses together the best of Access Bank and Diamond Bank. “Diamond Bank’s was youthful, vibrant and human. Access Banks’ s was trusted, global and fast. “Bringing them together to capture the strength created through the merger meant drawing from the essence of each logo but refreshing them to create a sense of energy and forward momentum. “The diamond shape is fused into the three chevrons, which radiate in all directions to create layers around a core. “The retention of the access typeface, colour and font is complemented by the orange logo, which draws from the colour palettes of both banks,” he said.

Etuokwu said that the use of the diamond colour palette was further emphasised with the dominance of green in its retail application, ensuring continuity for retail customers, whilst the dominant orange in the corporate application provides the same sense of familiarity to Access Bank’s customers. He noted that the best of both entities were fused together in the new bank to serve customers better.

According to him, the business combination puts customers at forefront as well as the economy. He said that both banks decided to come together to create more value to customers noting that the market was fast evolving and changing. Speaking on overlapping branches, Etuokwu said that the bank would not be in a haste to close down any branch in the next one year. ” We are not going to close branches in a hurry in the next three months to one year, we will wait for customers to decide,” he said. Etuokwu said that presently about 55 branches of the bank appears to be overlapping, noting that some might be change to e-centres as events unfold.

Mr Rob Giles, Access Bank Adviser, Retail Banking, said that Diamond Bank products such as Diamond Extra and Diamond Exclusive would maintain their names in the new bank. Giles said that the new bank would ensure seamless service delivery to all its customers noting that customers would have more access to international banking in the enlarged entity. He said that the bank would be more positioned to give more credit to SMEs with the successful merger. Giles, however, assured that the bank would deliver enhanced value to shareholders while maintaining seamless service delivery.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top
SUBSCRIBE NOW!
Get the best of Market Digest Nigeria financial news
delivered to your inbox daily!
By clicking Give it a try, I hereby: Agree and Consent to the Terms of Use and the Privacy Policy
& I may receive free newsletters & promotions from this site and can choose to unsubscribe anytime.