Access Bank acquires Standard Chartered Bank in Angola, Sierra Leone

Access Bank Plc has completed the acquisition of Standard Chartered Bank Angola S.A and Standard Chartered Bank (Sierra Leone) Limited.

Access Bank announced this in a statement on Wednesday, November 27, 2024.

Speaking on the completion milestone, the MD/CEO of Access Bank Plc and CEO of the Banking Group, Roosevelt 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.

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“The combinations represent another significant step towards our broader vision of becoming the World’s Most Respected African Bank.”

The bank further stated that the parties were working on completing transactions that would see Access Bank acquire Standard Chartered Bank’s subsidiaries in Cameroon, Gambia, and its Consumer, Private and Business Banking business in Tanzania.

“Access Holdings shall continue to make disclosures as and when required,” it added.

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