THUR, JULY 13 2023-theGBJournal |Access Bank Plc has completed the acquisition of majority equity stake Finibanco Angola S.A, stamping its presence in the South western African country, Access Holdings Plc, the parent company, announced Thursday.
The acquisition move was first announced on May 2, 2023.
Dr. Herbet Wigwe, the Group Chief Executive of Access Holdings said that the Bank will act as a positive catalyst to forster innovation and promote the deepening of the financial sector in Angola in line with the Bank’s strategic growth objectives in the broader South Africa Development Community while delivering value to its stakeholders.
According to Wigwe, in anticipation of the completion of the transaction, the Bank has made excellent 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,” Wigwe said.
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