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Access Bank PLC to Open Branches in Zambia, UK... Cote d'Ivoire, Congo also in view

Posted on: Wednesday, March 05, 2008

Access Bank Plc of Nigeria will soon have branches in Zambia, Congo, Cote d’Ivoire and other African countries as part of its aggressive pan African expansion vision. The bank will also open its London, UK branch this year in its attempt to be a reference point for African banks operating in the global market. These plans were revealed to the bank’s investors yesterday at its inaugural forum for Global Institutional Investors held at The Dorchester, London – the first such forum for foreign investors by a Nigerian bank.

Mr. Aigboje Aig-Imoukhuede, Access Bank’s Group Managing Director/CEO said the bank was targeting post-conflict African countries such as Congo, Rwanda and Burundi for expansion because of the potential for political stability and economic growth. Pointing out that Zambian government official recently paid a visit to the government of Nigeria because of the investment Access Bank is pumping into the economy. Already, the bank is in Sierra Leone and The Gambia – and it is currently rated one of the top four banks in The Gambia even though its foray into the country is barely up to a year.