Access Bank Completes Process Of Acquisition Of Standard Chartered In Angola and Sierra Leone
Access Bank Completes Process Of Acquisition Of Standard Chartered In Angola and Sierra Leone.
Access Bank Plc has announced the successful acquisition of Standard Chartered Bank Angola S.A and Standard Chartered Bank (Sierra Leone) Limited.
Managing Director/Chief Executive Office, Access Bank Plc, Roosevelt Ogbonna, disclosed this in a notification sent to the Nigerian Exchange Ltd in Lagos on Wednesday.
Commenting on the completion milestone, Ogbonna, said, “We are pleased to have successfully concluded two important acquisitions in Angola and Sierra Leone, affording 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.”
According to him, the parties are working on the completion of transactions that will see Access Bank acquire Standard Chartered Bank’s subsidiaries in Cameroon, the Gambia, and its consumer, private and Business Banking business 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.
