Access Bank, a leading subsidiary of Access Holdings, has announced the successful acquisition of Standard Chartered Bank’s operations in Angola and Sierra Leone.
The Managing Director and Chief Executive Officer of Access Bank Plc, Mr. Roosevelt Ogbonna, disclosed this in a notification to the Nigerian Exchange Limited (NGX) on Wednesday.
“We are pleased to have successfully concluded two important acquisitions in Angola and Sierra Leone,” Ogbonna stated.
“These acquisitions enable us to enhance the quality of our earnings in both countries by significantly expanding our presence in the Corporate and SME banking sectors. They mark another significant milestone in our journey toward becoming the World’s Most Respected African Bank,” he added.
Ogbonna also revealed that ongoing transactions would see Access Bank acquire Standard Chartered Bank’s subsidiaries in Cameroon and The Gambia, as well as its consumer, private, and business banking operations in Tanzania.
He assured stakeholders that Access Holdings would continue to provide updates as necessary.
Access Holdings currently operates through a network of over 700 branches and service outlets, serving more than 60 million customers across three continents and 23 countries.
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