Access Bank Completes Acquisition of Standard Chartered Banks in Angola and Sierra Leone
Access Holdings Plc has announced the successful completion of the acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited by its subsidiary, Access Bank Plc.
The company secretary, Sunday Ekwochi, confirmed the news on November 27, 2024, following an initial announcement made on July 14, 2023. This significant milestone marks a year of progress in Access Bank’s strategic expansion across sub-Saharan Africa.
Roosevelt Ogbonna, Managing Director/CEO of Access Bank Plc and CEO of the Banking Group, expressed enthusiasm about the completed acquisitions.
He said,
“We are pleased to have successfully concluded two important acquisitions in Angola and Sierra Leone,” Ogbonna said. “These transactions create synergies that enhance the quality of our earnings from both countries by significantly increasing our market share in corporate and SME banking.”
He further emphasized the importance of these acquisitions in realizing Access Bank’s vision of becoming a leading global African bank.
Access Holdings, Nigeria’s largest financial services company, continues to drive growth through strategic mergers and acquisitions.
