Access Bank Plc, a key subsidiary of Access Holdings Plc, has completed the acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited. This milestone aligns with Access Bank’s strategic vision of expanding its presence across Africa and strengthening its position in Corporate and SME banking in these markets.
CEO’s Remarks
Roosevelt Ogbonna, MD/CEO of Access Bank Plc, expressed confidence in the acquisitions, stating:
“These acquisitions allow us to enhance the quality of earnings from Angola and Sierra Leone while growing our market share in Corporate and SME banking. This is a pivotal step towards realizing our ambition of becoming the World’s Most Respected African Bank.”
Future Expansion Plans
The Bank is also advancing its efforts to acquire Standard Chartered’s subsidiaries in Cameroon, The Gambia, and Tanzania (Consumer, Private, and Business Banking operations). Updates on these strategic initiatives will be provided as they progress.
This move underscores Access Bank’s commitment to becoming a leading financial institution in Africa while driving financial inclusion and economic development across the continent.
📌 Editor’s Note: For content partnerships and collaborations, reach out via editor@naija247news.com
Naija247news Media Group LLC is committed to ethical, independent journalism that serves the public interest. Our editorial process prioritizes accuracy, fairness, and transparency in reporting. All content is fact-checked and held to the highest standards of integrity. Learn more in our full editorial policy here.
© 2025 Naija247news Media Group LLC. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten, or redistributed in whole or in part without prior express written permission from Naija247news Media Group LLC.
Reporting by Peter Anene, Business Editor in Lagos, Nigeria.
