Access Bank UK Receives Approval To Commence Operation In Hong Kong…

 In a major stride toward realizing its five-year strategic plan, Access Bank UK, a wholly owned subsidiary of Access Bank PLC, has gained approval to initiate operations in Hong Kong, as confirmed by the Hong Kong Monetary Authority. This approval highlights Access Group’s international prowess and strategic partnerships, reflecting a decade-long dedication to obtaining a license for the tightly regulated Hong Kong market.

Herbert Wigwe, Group CEO of Access Holdings Plc and Chairman of Access UK, expressed immense pride in achieving this milestone, emphasizing the bank's commitment to global presence and adherence to regulatory standards. He stated, “Access UK's approval to commence formal banking operations in Hong Kong marks a monumental achievement in our journey towards global prominence."

With plans to launch operations in the upcoming year, this achievement showcases Access Group’s international capabilities, bolstered by the strength of its strategic partnerships and existing operations through Access Bank UK in the UAE and Paris.

Access Bank's entry into the Hong Kong market strategically positions it to boost cross-continental trade, leveraging Hong Kong's status as a global financial hub. This move aligns with Access Bank's mission to be the world’s most respected African bank, bringing innovative financial solutions to the Asian market. The bank aims to play a vital role in facilitating and enhancing cross-border trade between Africa and Asia, fostering economic collaboration between enterprises in these regions.

As a leading full-service commercial bank operating across three continents, 20 countries, and serving over 60 million customers, Access Bank PLC, a subsidiary of Access Holdings Plc, stands as a diversified financial institution with a strong retail customer franchise and digital platform. The bank's UK subsidiary serves as the OECD operational hub, supporting investment flow into markets in Nigeria, Africa, and the MENA region. Listed on the Nigerian Stock Exchange since 1998, Access Bank focuses on sustainable business practices to deliver profitable, environmentally responsible, and socially relevant growth.