The majority shares of Finibanco Angola S.S., an Angolan organization, has been bought by Access Bank Plc, the forerunner subsidiary of Access Holdings.
Although Access Holdings had revealed details of the buy on October 4, 2022, having obtained the necessary approvals in Angola and Nigeria, however, it was officially declared on Thursday 13th July on the Nigerian Exchange Limited.
Dr. Herbert Wigwe, the Group Chief Executive Officer of Access Holdings had this to say about the deal, “In anticipation of the completion of the transaction, the bank has made excellent progress in integration planning.
He further went to say “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.
He concluded saying “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.”