We are delighted to announce that we have been authorised by the Hong Kong Monetary Authority to open a Restricted Licence Branch in Hong Kong.
This is a significant milestone for The Access Bank UK Ltd and the Group in its quest to become the world’s most respected African Bank and is the culmination of a great deal of team effort over the past few years. This move is part of the Bank’s strategic five-year plan to extend its reach and influence across international markets, with a focus on sustainable economic growth.
Our presence in the Hong Kong market holds vast strategic potential for boosting cross-continental trade because the country, renowned for its status as a global financial hub, serves as a pivotal gateway connecting Asia with the rest of the world.
Herbert Wigwe, Group Chief Executive Officer of Access Holdings Plc and Chairman of The Access Bank UK Ltd, expressed his pride in achieving this goal, emphasising the strategic significance of the move: “I am immensely proud that The Access Bank UK Ltd has secured approval to commence formal banking operations in Hong Kong, marking a monumental achievement in our journey towards global prominence. This licence is a testament to our unwavering commitment, strategic foresight, and resilience over the past decade,” he said.
With plans to commence operations in the coming year, this achievement reflects Access Group’s international capabilities and the strength of its strategic partnerships, scaled through the growing strength of its international operations through The Access Bank UK Ltd, with regulated Branches in Dubai and Paris.