Access Bank Plc has completed the acquisition of Standard Chartered Bank Angola and Sierra Leone. This expansion enhances Access Bank’s position in Corporate and SME banking, aligning with its vision of being the most respected African bank.
Access Holdings Plc has officially completed the acquisition of Standard Chartered Bank’s subsidiaries in Angola and Sierra Leone through its subsidiary, Access Bank Plc. This strategic move enhances Access Bank’s footprint in these markets by fostering significant growth opportunities, particularly within the Corporate and Small and Medium Enterprises (SME) sectors. Roosevelt Ogbonna, the Managing Director and Chief Executive Officer of Access Bank Plc, emphasized the acquisition’s importance in advancing the Bank’s aspiration to become the most respected African bank globally.
The acquisition of Standard Chartered Bank’s operations in Angola and Sierra Leone marks a significant milestone in Access Bank’s expansion strategy. Access Bank is undertaking these acquisitions to bolster its market position and amplify its earnings through enhanced corporate and SME banking services. This development is part of a broader vision aimed at increasing Access Bank’s relevance in the African banking sector.
In conclusion, Access Bank’s successful acquisition of Standard Chartered Bank in Angola and Sierra Leone not only reinforces its commitment to expanding in key African markets but also aligns with its objective of enhancing profitability and market presence. The bank is also exploring further acquisitions in the region, signaling its determination to become a leading financial institution on the continent.
Original Source: www.thisdaylive.com
