WorldStage Newsonline– Access Bank Plc has joined some quoted banks to to seek for further extension of time to submit their half year (H1) 2020 results to the Nigerian Stock Exchange.
UBA, Zenith Bank, GTB, Stanbic IBTC Holdings https://www.worldstagenews.com/cbn-delayed-approval-of-banks-h1-results-sparks-concerns-in-capital-market/ and Fidelity Bank had sought for the extension, blaming delays in getting approval from the Central Bank of Nigeria (CBN), their primary regulator, a development that sparked up anxieties among investing public.
Access bank in a notification Delay In Publication Of Audited Interim Financial Statements For The Half Year Ended June 30, 2020 to the Nigerian Stock Exchange dated September 1, 2020 signed by Sunday Ekwochi, Company Secretary said, “ Access Bank Plc wishes to notify the investing public and the Nigerian Stock Exchange that the bank’s primary regulator, the Central Bank of Nigeria, is still reviewing the bank’s audited interim financial statement which was submitted to it following the approval of the bank’s board of directors.
“In view of the foregoing, the Exchange has approved a 30-day extension of time to file the bank’s audited interim financial statements. Accordingly, Access Bank Plc expects to publish the audited interim financial statements on or before September 28, 2020.
”The bank’s insiders are hereby reminded that the earlier declared closed period in respect of the bank’s securities remains in place until 24 hours after the release of the bank’s audited interim financial statements for half year ended June 30, 2020.
