Access Bank Expands Presence with Acquisitions in Angola and Sierra Leone

November 28, 2024

ccess Holdings Plc has announced the successful completion of two major acquisitions by its flagship subsidiary, Access Bank Plc. The bank has finalized the takeover of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited.

Speaking on this milestone, Roosevelt Ogbonna, the Managing Director and CEO of Access Bank Plc, expressed satisfaction with the accomplishment, stating:

“We are delighted to have concluded two important acquisitions in Angola and Sierra Leone. These moves strengthen our ability to enhance earnings from both markets by significantly increasing our share of the Corporate and SME banking sectors. This achievement is another step toward our vision of becoming the World’s Most Respected African Bank.”

Access Bank is also progressing on deals to acquire Standard Chartered Bank’s subsidiaries in Cameroon, the Gambia, and its Consumer, Private, and Business Banking operations in Tanzania.