Access Bank acquires Finibanco Angola S.A

Finibanco Angola S.A., a company in Angola, has completed the acquisition of the majority shareholding by Access Bank Plc, the parent company of Access Holdings.

This information was provided by the bank in a notification posted on Thursday by the Nigerian Exchange Limited.

On October 4, 2022, Access Holdings had already announced the purchase and secured regulatory approval in Angola and Nigeria.

Dr. Herbert Wigwe, group chief executive officer of Access Holdings, commented on the event by saying, “In anticipation of the transaction’s close, the bank has made outstanding 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 objective in the broader South African Development Community while delivering value to our stakeholders.”

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