Headline: Global AFRICA continues its expansion as Access Bank launches in Malta

Access Bank has taken a significant step in its international growth strategy by launching its FIRST fully owned subsidiary, The Access Bank Malta. This milestone comes after securing approval for its banking license from the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA), showcasing the bank’s commitment to enhancing trade connectivity between Europe and Africa.

Malta, known as a globally recognized financial hub and a gateway between the two continents, offers a strategic location for fostering economic partnerships. With the establishment of The Access Bank Malta, the bank aims to leverage the growing trade opportunities and strengthen its role in facilitating commerce between Europe and Africa.

Jamie Simmonds, Founding Chief Executive Officer and Managing Director of The Access Bank UK, emphasized the significance of this development. He highlighted how Europe has become Africa’s leading trading partner, driven by initiatives like the Economic Partnership Agreements between the EU and African regions and the African Continental Free Trade Area (AfCFTA). Access Bank Malta is well-positioned to deepen trade relations and address the financing and banking needs of clients in these expanding markets.

Access Group’s expansion into Malta is in line with its broader vision of becoming the world’s most respected African bank. Roosevelt Ogbonna, Managing Director and Chief Executive Officer of Access Bank Plc, and CEO of the Banking Group, expressed the Group’s global aspirations. By establishing operations in Malta, the bank aims to establish a foothold in a market bridging European and North African economies, advancing towards its goal of becoming Africa’s Gateway to the World. This move enhances the bank’s ability to provide clients with innovative solutions tailored to cross-border trade and investment opportunities.

Renald Theuma, Managing Director and Chief Executive Officer of The Access Bank Malta Limited, highlighted Malta’s strategic importance as a bridge between Europe and Africa. This strategic move allows Access Bank Malta Limited to engage more closely with European customers and offer customized financial solutions that drive growth and connectivity across both continents.

Regard Sur l’Afrique par Mark-Anthony Johnson, CEO at JIC Holdings