Access Bank, the flagship commercial banking subsidiary of Access Holdings Plc, has consolidated on its five-year strategic growth plan with the launch of a subsidiary in Paris.
The bank now has a presence in 18 countries across four continents, serving millions of customers and businesses.
Group Chief Executive Officer, Access Holdings Plc, Herbert Wigwe, said the purpose of the bank’s strategic expansion efforts was to consolidate the bank’s leading position as intermediary for global and African trades and businesses.
“Access Bank Plc, today, has a very strong presence in the United Kingdom, but coming on the heels of Brexit, there was a need for us to establish a presence in another country in Europe and France provides a very strong platform for us to do so.
“Beyond that, Access Bank has a great presence in the Francophone world that relies significantly – in terms of trade – on France, so, Access Bank in Paris will work to support trade possibilities and trade finance solutions to businesses in those regions, ranging from large conglomerates to SMEs and more.
He pointed out that the bank recognizes the critical role of its various stakeholders in making its expansionary drive successful, assuring that the bank places priority on the value of its customers, shareholders, regulators, and the communities it operates.
According to him, Access Bank’s presence in France represents an important step towards achieving its goal of bridging worlds and connecting opportunities for African businesses. The bank’s latest stride also lays a marker for realising its recently unveiled five-year strategic growth plan.
Managing Director, Access Bank Plc, Roosevelt Ogbonna, noted that over the years, the bank has demonstrated a strong commitment to deepening its presence across Africa and beyond.
“Indeed, our expansion drive has been guided by our vision to become the world’s most respected African bank, and by building on our strong track record of innovation, customer service, and social responsibility, we have come one step closer to achieving this goal.
“To facilitate the flow of capital, goods, and services across borders and support economic growth and development in both regions of focus, the bank will leverage its expertise in cross-continental trade and its strong network of partners and clients,” Ogbonna said.
