Access Bank Plc (Access) enters into acquisition agreements with Standard Chartered Bank
Access Bank Plc (Access) and Standard Chartered Bank have entered into agreements for the acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania. Each transaction remains subject to the approval of the respective local regulators and the banking regulator in Nigeria.
The announcement was made today at Standard Chartered’s Headquarters in London in the presence of senior representatives from both banks. Signed by, Sunil Kaushal, Regional CEO, Africa & Middle East, Standard Chartered, and Roosevelt Ogbonna, Group Managing Director, Access Bank Plc. The agreement with Access for the sale of the bank’s business in Sub-Saharan Africa is in line with Standard Chartered’s global strategy, aimed at achieving operational efficiencies, reducing complexity, and driving scale.
Access Bank will provide a full range of banking services and continuity for key stakeholders including employees and clients in the Standard Chartered businesses across the five aforementioned countries. Access and Standard Chartered Bank will work closely together in the coming months to ensure a seamless transition, with the transaction expected to be completed over the next 12 months.
Commenting on the agreement, Sunil Kaushal, Regional CEO, Africa & Middle East, Standard Chartered, said: “Following on the announcement we made in April last year, the project is now substantially completed with the announcement for the sale of the 5 markets and the furtherance of a partnership with Access Bank. This strategic decision allows us to redirect resources within the AME region to other areas with significant growth potential, ultimately enabling us to better support our clients. We look forward to working closely with Access Bank’s team over the coming months to achieve a successful conclusion to this transaction while safeguarding the interests of our valued clients and prioritising our employees.”
Commenting on the agreement, Roosevelt Ogbonna, Group Managing Director, Access Bank Plc, stated, “We are pleased to sign this agreement today and express our appreciation for being selected as the preferred partner to Standard Chartered Bank through this transaction, in which it is exiting four African markets and refocusing in one. As a distinguished regional and international bank with a rich heritage spanning over 150 years, Standard Chartered Bank has built a solid presence in these markets for over 100 years.”
For Access, this strategic transaction represents a key step in its journey to build a strong global franchise focused on serving as a gateway for payments, investment, and trade within Africa and between Africa and the rest of the world, anchored by a robust capital base; a relentless focus on execution; and best-in-class customer service & governance structures.
“At Access Bank, we are committed to reshaping the global perception of Africa and African businesses, even as we continue to build toward our vision to be the World’s Most Respected African Bank. Our 5-year growth plan will see us build a world-class class payments gateway leveraging the power of technology and supported by a dynamic ecosystem of local and international partnerships, enabling us to serve global payments and remittances efficiently. With our recent European expansion and our deepened presence in key trading corridors across Africa, we will bridge the gap between cross-border and domestic transfers across all business segments. More importantly, we are committed to impacting our host communities positively,” Ogbonna added.
In April 2022, Standard Chartered strategically decided to divest from a number of markets, namely Lebanon, Angola, Cameroon, Gambia, Sierra Leone, Zimbabwe and Jordan, and to exit the CPBB (Consumer Private and Business Banking) business in Côte d’Ivoire and Tanzania. The Bank announced its sale of its business in Zimbabwe earlier in June and in Jordan in March this year. With this announcement, Standard Chartered has substantially completed the divestment process from the markets announced in April 2022, except Côte d’Ivoire where it remains actively engaged in discussions with potential buyers for the sale of its CPBB business in the country.
Photo Caption:
L-R: Roosevelt Ogbonna, Group Managing Director, Access Bank Plc, and Sunil Kaushal, Regional CEO, Africa & Middle East, Standard Chartered at the signing of agreements for Access Bank’s acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Tanzanian Consumer, Private & Business Banking business in London on Friday.
***ENDS***
About Access Bank PLC
Access Bank, a wholly owned subsidiary of Access Holdings Plc, is a leading full-service commercial bank operating through a network of more than 700 branches and service outlets spanning 3 continents, 18 countries and over 60 million customers. The Bank employs over 28,000 thousand people in its operations in Africa, the United Kingdom, and Europe, with representative offices in China, Lebanon, India and the UAE.
Access Bank’s parent company, Access Holdings Plc, has been listed on the Nigerian Stock Exchange since 1998. The Bank is a diversified financial institution which combines a strong retail customer franchise and digital platform with deep corporate banking expertise, proven risk management and capital management capabilities. The Bank services its various markets through five business segments: Personal, Business, Operations and IT, Commercial and Corporate & Investment Banking. The Bank has enjoyed what is arguably Africa’s most successful banking growth trajectory in the last 18 years, becoming one of the continent’s largest retail banks.
As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible, and socially relevant, helping customers to access more and achieve their dreams.
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It’s essential to notice that dynamic stretching is usually beneficial over static stretching.
Dynamic stretching includes moving your joints and muscular tissues by way of
a full vary of movement, mimicking the movements you may be doing
during your workout. This sort of stretching helps to extend blood
circulate, increase your physique temperature, enhance mobility, and activate the muscle tissue you may be utilizing.
It units a stable foundation for an efficient and safe
exercise, lowering the chance of harm and optimizing the performance of the again muscles.
As we goal for max muscle growth with these exercises,
injury prevention remains a top priority—because what’s strength without resilience?
Now let’s dive into the highest 10 workouts that will pack
on again thickness and bulletproof your physique against setbacks.
Traditionally, rowing workout routines have long been identified for constructing thick
backs and this transfer is not any exception. The heavy pull blasts the lats in addition to the opposite depth-building muscle tissue of your
middle back including your teres main and minor.
Meadows recommends barely kicking your hips away from the
bar and emphasizing the stretch, you will feel this in the decrease
lats. We’ll begin off the with Lat pull-down, in all probability the most extensively recognized and popular train for the again. If performed correctly it can be an excellent train to enhance again width and add some mass.
The rowing workouts to include are a matter of non-public preference, however attempt to pick dissimilar actions.
To give attention to building again thickness, incorporate Workout #1 centered around rows into your routine.
Utilize a variety of rowing workouts featuring different equipment such as dumbbells,
barbells, and cables to effectively goal varied areas of
the back including the lats, traps, and rear delts. To develop a wider again,
it’s important to give attention to workouts that
target the lats. Pull-up variations, corresponding to wide-grip pull-ups or lat pull-downs, are significantly effective in partaking the lats.
Growing this space creates a stable basis that enables balanced lifting strategies, making
certain your shoulders, hips, and abdominals work synergistically
with each other. Also, the fact that the again has so many isolated muscle tissue, makes isolation work for the
again not solely ineffective but additionally extremely time-consuming.
Years ago, the spark of my life’s ardour ignited in my mind the moment I stepped into
the local gym for the primary time. Theoretical knowledge paired
seamlessly with practical experience, reinforcing my belief that the
transformation of people beneath my guidance was also a reflection of my personal
growth. The unique mixture of ardour for my area and the continual quest for progress fuels my drive
to interrupt new ground.
Begin together with your weakest arm by performing as many reps
as attainable in a single minute, emphasizing stretch and technique; rest
one minute and match this variety of reps on the stronger
arms. Rest one minute, then do the identical thing
for 45 seconds on the unique arm; relaxation forty five seconds and comply with go nicely with on the weaker arm.
Rest 45 seconds and the final set on the strong arm go for 30 seconds, rest 30 seconds
and finish for 30 seconds on the weaker arm. It’s no coincidence heavy deadlifts are synonymous with nice again growth.
The deadlift focuses in your erectors as you extend your torso to
full vertical. Neck Rotations are glorious for enhancing neck flexibility and reducing stiffness, however they don’t directly build neck muscle.
Reps are usually done singularly or in pairs quite than prolonged sets.
This train targets the fast twitch sort IIb fibers that give your muscle tissue most of their dimension. Training
your rotator cuff, infraspinatus, teres minor, and rear delts is crucial as these smaller muscular tissues assist main lifts that contribute to general again thickness.
Working these muscles effectively requires time under pressure with
controlled movements aimed toward building energy with out risking damage.
It supplies the muse for all compound workout routines and lots of the
actions you perform every day. Highly Effective again muscle
tissue enhance posture, stability, and general physique mechanics, enhancing efficiency within the health club, different
sports, and on an everyday basis activities. It Is important
to notice that while a wider grip can improve again muscle activation, it might additionally enhance
the involvement of the biceps and forearm muscles.
Subsequently, it is crucial to maintain up correct form and focus on partaking the back muscle tissue all through the exercise to ensure optimal outcomes.
Using your lats, or latissimus dorsi muscles, can significantly contribute to building a wider back.
The latissimus dorsi is a large muscle group positioned on both sides of the again, extending from the higher arm
bone to the lower backbone.
Pull the bar in the direction of your abdomen by retracting
your shoulder blades, then slowly return to the starting position while controlling
the burden. Building a thick, highly effective back requires a strategic
mix of exercises that focus on both the breadth and depth of the back muscular tissues.
When you aren’t capable of transfer your body, you can actually
concentrate on contracting the muscular tissues within the again as you move the weight.
So, when you’re trying to take a look at the boundaries of your t-shirts,
we’re outlining the best workout routines for thicker back that hit each of the muscles above.
We’ll cowl every of those workouts in higher detail, in addition to sharing some
instance coaching routines that feature them, later on this article.
It addresses the lats responsible for width and all the other muscle tissue
for thickness as properly. The lats will truly work more durable whereas
getting addressed with many different muscular tissues as a end result of concurrent activation potentiation. Wide,
overhand grips together with vigorous stretching will permit for extra width.
Due to the broad insertion of the latissimus dorsi, you
also want to drag into many different areas of your torso to raised hit specific fibers.
The deadlift, an train that must be present in any again exercise designed for
including muscle. Not solely does it hit more muscle than most actions it additionally has different advantages such as hitting core muscles.
The deadlift is perfect for general again development, power and improving
stabilization to your trunk, which in flip will assist help you on your
different lifts.
Personally, I really feel it’s best to start with a free weight row while you’re fresh
and finest suited to maintain up balance and coordination, then move on to
machines. Both the resistance is loaded on with plates or
there will be a weight stack so all you need to do to alter the weight is move the pin to a lighter or heavier weight.
There are such a extensive variety of wonderful rowing machines available that odds
are your gym has at least a quantity of to
choose from.
The exercise additionally enhances scapular retraction, leading to better posture and lowered
threat of shoulder accidents. Moreover, the TRX Y fly activates stabilizing muscles throughout the core and shoulders, contributing to general useful strength and stability.
Incorporating this exercise into your routine can lead to a stronger, wider again, enhanced athletic performance,
and a more aesthetically pleasing physique. This versatile
motion primarily engages the muscular tissues of the chest,
back, and triceps, whereas additionally offering benefits for core
stability and shoulder mobility. Dumbbell pullovers involve a horizontal pulling motion, which effectively targets the lats.
These muscles play a big role in creating the looks of a wider again when properly
developed.
While these are essential for measurement and power,
neglecting the rear delts can depart your physique wanting incomplete.
The TRX low-row exercise is highly efficient for constructing a stronger and wider
back because of its distinctive benefits. By utilizing suspension straps, it engages the muscular tissues
of the higher back, including the latissimus dorsi, rhomboids, and rear deltoids.
This train emphasizes scapular retraction and shoulder extension, selling improved posture and stability whereas
focusing on multiple muscle teams simultaneously.
There are a number of things you must be doing
to make certain that your quest for a thick neck bears fruit.
And although it does not goal neck muscles directly,
it can be a good thing to do all through the day when you work at a desk.
The scalenes are a group of three muscular tissues on each
side of the neck, operating from the cervical spine to the primary two ribs.
They help with neck flexion, lateral bending,
and rib elevation during respiration.
You can do this using boxes, platforms or no matter else your gym has obtainable.
It could take a bit of experimentation to essentially find the right type for yourself, however you’ll know when you’ve
nailed it as a result of it’ll almost really feel as if
your lats are cramping up on each rep. Permit a full stretch of the lats,
then pull together with your elbows as far behind you as you’ll have the ability to.
Start with one full rep, then from the highest you lower the
bar to just below the knee earlier than reversing the rep.
As A Result Of the eccentric stays in a loaded position, the
scapula will lose retraction. The concentric forces the traps and higher again to tug the scapula back in with correct
spinal alignment.
The common warm-up for all of them should be 5 to eight minutes on a rower, however
you could additionally do a quantity of sets of chin-ups or lat pull-downs.
Warm-ups for each train aren’t shown, however
completely do a few sets starting gentle and steadily transferring up on the primary two workout routines before transferring on to your heavier working weights.
Thankfully, dumbbell rows and any sort of rowing machine with chest support are
both protected and effective for you to blast your
lats with. Hammer Power, Arsenal Energy, and Panatta Sport are simply
three equipment manufacturers that produce a variety of excellent
rowing machines with help to brace your torso towards.
Bring in your back and shoulders and you’ll notice it’s simpler to lug issues around next time you’re dragged to Ikea.
Research within the Journal of Shoulder and Elbow Surgical Procedure discovered working in your rotator cuffs on the high of your arms improves energy in other back muscle tissue
by 80%. Partnered with efficient stretching routines and dynamic movements,
these moves may assist to make lower-back ache a thing of the previous.
The shortcoming there, in contrast to Dorian deadlifts, is
that when you set the bar down on the blocks or rack, every little thing
gets unloaded – you lose rigidity. With the Dorian deadlift,
the lumbars and upper back keep contracted to carry the spine in proper place within the range of movement the place they’re
required to work the toughest.
It’s as a outcome of we all know that given the selection males need to see abs and arms, chest and boulder shoulders,
not again muscles. But in phrases of figuring out, you ought to be paying the same attention to again workout routines as you do any
other muscle group. A lot of people discover that utilizing the narrower grip
with palms going through in feels more natural compared to regular overhand lat pulldowns, so
it’s positively an exercise you’ll wish to
check out.
For a thicker and stronger neck, pair mobility workouts like this with strength-based actions similar to neck flexion/extension, weighted shrugs, and isometric holds.
When your physique repairs careworn muscle fibers after train, it rebuilds them stronger
than before. It also adapts by rising the muscular tissues’
ability to store glycogen (the saved form of glucose), which serves as a
key power source throughout workouts.
But the very fact stays that a simplistic approach—with the proper intensity, of course—can allow you to
assemble the sort of again aesthetic that you’re
in search of. If you have a width-focused
again exercise, you can simply do the exercise supplied on a second day later in the week,
which is ready to tremendously speed up your positive aspects.
Or, if you’re a high-volume guy, you can go ahead and try
including these strikes to your existing back workout on one, all-out back-a-palooza.
Training onerous and heavy with these kinds of moves
may help you pack on the kind of mass that leaves your higher again wanting like a den of coiled snakes.
Before we dive into the best workout routines to extend back thickness, power
and dimension, it is essential that you really understand how the again works and what muscles you should be hitting to put
on mass. So, let’s break down the way to flip your again into wide, thick wings of muscle.
Alongside with a growth-focused approach to nutrition and supplementation, these beginner-friendly workouts to train your back are what you should earn size that will present up
from all angles. This, in essence, results in extra muscle development and might even change
the shape of your muscle tissue.
That’s why, as a veteran private coach with over
three many years of experience, I tend to put in writing shorter applications that emphasize only a
few primary lifts. Most of my purchasers favor this more minimalist approach, and missed exercises are a rarity.
The floating clean pull is an exercise you may only see in Olympic Weightlifting.
But Weightlifters have thick backs due to their huge pulling volumes.
The bonus with carries is you have to deadlift the
awkward masses to carry them, inserting extra stress on your back muscular tissues for thickness.
Hold pushing yourself to new limits and watch as your again turns into thicker and
stronger with each workout session.
The distinction is that you’re beginning together with your arms
in front of you rather than overhead, slicing the vary
of motion in half and decreasing the growth stimulus. Rows are nonetheless good in your
lats, but they’re even higher for your different
back muscular tissues. Exercise #1 is tailored to cater to
various preferences and fitness levels by offering a range of rowing
workout routines designed to emphasize proper kind and method.
Identified for his meticulous strategy to both training
and nutrition, Cutler’s back growth was a critical factor
in his victories and long-standing success in the sport.
Haney’s signature pose was the rear lat unfold, where his extensive, muscular back was completely displayed.
His capacity to maintain managed symmetry on this pose helped solidify his
dominance in the Mr. Olympia competitions. Ronnie’s go-to pose was the rear lat
spread, where he might showcase the total extent
of his massive again.
These muscle teams help duties from lifting heavy objects to performing easy daily movements.
Focusing on compound actions such as deadlifts and pull-ups can have interaction these areas effectively.
Deadlifts are thought of the king of back workouts due to
their capability to interact a quantity of muscle groups, together
with the lower again, lats, traps, glutes, and hamstrings.
There’s an adage that you just ought to coach your again twice for every time you
train your chest. The thought is to make your back
stronger than your chest, serving to to pull your shoulders
again and supplying you with a nicer posture.
The feeling ought to be fairly different and much
more “lat focused” compared to what you frequently expertise on your different back workout routines.
Not each lifting session must be as primary because the woman in Starbucks
who “can’t even” proper now. These are nice as a result of you can achieve a very sturdy peak contraction in the lats.
Rowing is crucial for an enormous again, but many lifters don’t get as a lot out of them
as they could. There are two ends of the spectrum when it comes to the execution of the barbell row.
These are common deductions fashioned by experienced
lifters by way of trial and error. If you want an advanced rationalization and rat studies
to prove what causes back progress, then chances are
you aren’t truly going to get within the trenches and build your back anyway.
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