14th July, 2023
Access Bank has completed the acquisition of majority shareholding in Angolan bank, Finibanco Angola S.A.
The bank’s holding company, Access Holdings Plc made this known to the Nigerian Exchange, in a statement Thursday, signed by company secretary, Sunday Ekwochi.
The announcement came more than a month after the bank first disclosed its acquisition plan on 2 May.
Group CEO of Access Holdings, Herbert Wigwe said Access Bank, in anticipation of the acquisition, has made progress in integration planning.
“Our plan is to leverage our expansive distribution network, best-in-class technology, risk and governance practices to serve high growth businesses and the rising consumer sector in Angola”, he said.
“We will act as a positive catalyst to foster greater innovation and promote the deepening of the financial sector in Angola in line with our strategic growth objectives in the broader South Africa Development Community, while delivering value to our stakeholders”.