By Stanley Onyeka, Lagos
Access Holdings PLC yesterday announced the successful completion of the acquisitions of Standard Chartered Bank Angola S.A, and Standard Chartered Bank (Sierra Leone] Limited, by its flagship subsidiary, Access Bank PLC.
In a filing by the Company Secretary, Sunday Ekwochi, the fanatical services provider said the action is sequel to its earlier announcement made on July 14, 2023, regarding the above subject.
Commenting on the completion milestone, the Managing Director/CEO, Access Bank PLC and CEO of the Banking Group, Roosevelt Ogbonna, was quoted as saying: “We are pleased to have successfully concluded two important acquisitions in Angola and Sierra Leone.
He added that these “afford us synergies to strengthen the quality of our earnings from both countries by significantly growing our share of the Corporate and SME banking in the two markets.
“The combinations represent another significant step towards our broader vision of becoming the world’s most respected African Bank.”
Additionally, it also informed that “The parties are working on the completion of transactions that would see Access Bank acquire Standard Chartered Bank’s subsidiaries in Cameroon, the Gambia and its Consumer, Private and Business Banking business in Tanzania.”
Access Holdings, which promised to continue to make disclosures as and when required, operates through a network of more than 700 branches and service outlets, spanning three continents, 23 countries and over 60 million customers.
These afford us synergies to strengthen the quality of our earnings from both countries by significantly growing our share of the Corporate and SME banking in the two markets.
