Access Bank Expands Reach with New Malta Subsidiary
September 14, 2024 – Access Bank, a prominent player in the African financial sector, announced the launch of a fully owned subsidiary in Malta, marking the latest expansion in the company’s global growth strategy. Under the name Access Bank Malta Limited, the new entity will capitalize on Malta’s robust financial infrastructure and strategic location to facilitate trade between Europe and Africa.
This strategic move comes on the heels of several acquisitions for Access Holdings Plc, including the recent acquisition of majority stake in Mauritius’ fourth-largest bank by total assets.
Zealand among other regional acquisitions. This expansion marks Access Bank’s continued commitment to fostering growth on a global scale.
Tapping into Malta’s Financial Prowess
Thelicense to operate as an accredited credit institution. “The approval…signals a step towards enhancing trade connectivity between Europe and Africa will gain a foothold in a
The establishment of a new entity in Malta is a strategic move aimed at bolstering trade connections between Europe and Africa, both of which are key markets for Access Bank.
“By establishing operations in Malta, we gain
The approval process was fueled by Malta’s emerging position asStrategic market for the banking group and cement its position as a leading African financial institution.
in line with Access Bank’s envisioned future as “Africa’s Gateway to the World.”
Access Bank’s choice of Malta reflects a strategic perspective.
Speaking about Carver Hui, CEO of Access Bank Plc and founder and managing director of Access Bank UK Limited, emphasizes the company’s goal of further deepening trade relations between Africa and Europe.
Navigating a Dynamic Financial Landscape
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“The company noted:lden the European Central Bank (ECB)”, Access Bank Malta will enhance the bank’s ability to offer innovative financial solutions tailored for cross-border trade and investment necessities. This reflects
p>Roosevelt Ogbonna, Managing Director and CEO of Access Bank Plc and the Banking Group, sees Malta as a way
Malta.”, their commitment to world
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endothe European Central Bank (ECB) and the Malta Financial Services Authority
This expansion follows a period during which Access Holdings Plc has aggressively pursued a number of valuable strategic acquisitions across Africa.
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“the banking license application has been approved by both the European Central Bank (ECB) and Linking
“By establishing operations in Malta
“By establishing operations in Malta, we will gain a foothold in a market that bridges European and North African economies, moving us one step closer to our goal of becoming Africa’s Gateway to the World.”
