July 14, (THEWILL) – Access Bank Plc 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 signed on Thursday, by the company’s Secretary, Sunday Ekwochi.
Access Bank had, on May 2, announced the acquisition of majority shareholding in Angolan bank, Finibanco Angola S.A.
Commenting on the development, 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.
“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,” he said.
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