Access Bank concludes purchase of Standard Chartered in Angola, Sierra Leone
Further to our July 14, 2023, announcement regarding the above subject, Access Holdings PLC (‘Access Holdings’ or ‘the Company’) is pleased to announce that its flagship subsidiary, Access Bank PLC (‘Access Bank’ or ‘the Bank’) has completed the acquisition of Standard Chartered Bank Angola S.A and Standard Chartered Bank (Sierra Leone] Limited (‘the Acquisitions’).
Commenting on the completion milestone, Roosevelt Ogbonna, the MD/CEO of Access Bank PLC and CEO of the Banking Group, 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 Corporate and SME banking share in the two markets.
“The combinations represent another significant step towards our broader vision of becoming the World’s Most Respected African Bank.”
The parties are working on completing transactions that would see Access Bank acquire Standard Chartered Bank’s subsidiaries in Cameroon and the Gambia and its Consumer, Private, and Business Banking business in Tanzania.
Access Holdings will continue to make disclosures whenever it’s needed.
Sunday Ekwochi
Company Secretary
November 27, 2024
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Lagos
Institute says Lagos flood denial worsening crisis, urges urgent action
The institute pointed out that flooding has recurred annually in Lagos since 1968, except in 1973, the Sahelian drought year.
Agriculture
NiMet warns of flooding across Imo, Abia, Ebonyi, Akwa Ibom, Cross River
The Nigerian Meteorological Agency (NiMet) has predicted cloudy and thundery weather across the country from Wednesday to Friday.
Jos
Trader sentenced to prison for stealing trousers in hospital
A Jos Magistrate’s Court on Wednesday sentenced a 26-year-old trader, Ahmed Abdullahi, to nine months in prison for stealing a shirt and trousers from a hospital.
Ibadan
National parks chief hails Tinubu, Makinde for rescue of abducted Oyo students
Ibrahim Goni, the conservator-general of the National Park Service, has commended President Bola Tinubu for the rescue of pupils and teachers abducted in the Oriire council area.
NationWide
Northerners warned against politicising terrorism, banditry
GAPAG has called on various associations in the north to stop politicising insecurity in the country.
Economy
Africa’s prosperity depends on value addition to raw materials, says RMRDC
Nnanyelugo Ike-Muonso, the director-general of the Raw Materials Research and Development Council (RMRDC), disclosed on Tuesday in Abuja.
