Access Holdings Plc has announced that its banking group’s subsidiary, The Access Bank UK Limited has established its first fully owned subsidiary in Malta, The Access Bank Malta Limited.
The banking licence application has been approved by both European Central Bank (ECB) and the Malta Financial Services Authority (MFSA), signaling a significant step in enhancing trade connectivity between Europe and Africa.
The approval of The Access Bank Malta Limited as a credit institution marks a transformative milestone in bolstering Europe-Africa trade flows. Malta, a renowned international financial center, and a gateway between the 2 continents is strategically positioned to play a vital role in advancing commerce and fostering economic partnerships.
The strategic expansion into Malta enables The Access Bank UK Limited to leverage growing trade opportunities between Europe and Africa. It underscores the Access Group’s commitment to driving global trade, financial integration, and supporting businesses across these regions.
Roosevelt Ogbonna, MD/CEO of Access Bank Plc stated thus: “By establishing operations in Malta, we will gain a foothold in a market that bridges European and North African economies, moving us to one step closer to our goal of becoming Africa’s Gateway to the World. It further enhances our Bank’s capacity to support clients with innovative solutions tailored to cross-border trade and investment opportunities.”
