London, United Kingdom, 24th July. The Access Bank UK Ltd (the ‘Bank’), a wholly owned subsidiary of Access Bank Plc, is pleased to announce a significant milestone in its growth journey, the successful acquisition of a 76% majority stake in AfrAsia Bank Ltd, one of Mauritius’s leading banking institutions. This marks an important moment for the Bank and follows the receipt of all necessary regulatory approvals from the Bank of Mauritius.

This strategic acquisition is a significant step forward in Access Bank Group’s international growth strategy. It opens new pathways for the Bank to strengthen its footprint in the Indian Ocean region while reinforcing the Group’s vision “to be the world’s most respected African bank”.

This is a significant opportunity to accelerate the Bank’s ongoing market expansion particularly at this pivotal moment in the global economy. By combining the Access Bank Group’s strong presence across key African markets together with the Global footprint being established by Access International anchored out of the UK together with AfrAsia’s established position in Mauritius, we are well positioned to capture cross-border opportunities and deliver our expanded range of services to a broader, more diverse customer base.

Built on a strong foundation of prudent risk management, governance, and capital strength, The Access Bank UK Ltd operates across key financial hubs including London, Dubai, Paris, Hong Kong, Malta and Lagos. Our track record in delivering world-class banking solutions and exceptional customer service positions us well to lead this next chapter of growth.

We look forward to working closely with AfrAsia’s talented and experienced team, whose dedication and expertise have made the bank a standout institution in Mauritius. Together, we are poised to drive innovation, foster regional and global trade, and deliver long-term value to our customers and stakeholders across markets.