{"id":824124,"date":"2025-02-03T12:11:56","date_gmt":"2025-02-03T18:11:56","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/03\/access-bank-uk-strengthens-europe-africa-trade-ties-with-launch-of-access-bank-malta\/"},"modified":"2025-02-03T12:11:56","modified_gmt":"2025-02-03T18:11:56","slug":"access-bank-uk-strengthens-europe-africa-trade-ties-with-launch-of-access-bank-malta","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/03\/access-bank-uk-strengthens-europe-africa-trade-ties-with-launch-of-access-bank-malta\/","title":{"rendered":"Access Bank UK strengthens Europe-Africa trade ties with launch of Access Bank Malta"},"content":{"rendered":"
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COMFORT EKELEME, Business Editor<\/p>\n

Access Holdings Plc said its banking group\u2019s, subsidiary, The Access Bank UK Limited has established its first fully owned subsidiary in Malta, The Access Bank Malta Limited.<\/p>\n

The banking licence application has been approved by both the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA), signalling a significant step in enhancing trade connectivity between Europe and Africa.<\/p>\n

The approval of The Access Bank Malta Limited as a credit institution marks a transformative milestone in bolstering Europe-Africa trade flows. Malta, a renowned international financial centre, and a gateway between the two continents, is strategically positioned to play a pivotal role in advancing commerce and fostering economic partnerships.<\/p>\n

This strategic expansion into Malta enables The Access Bank UK Limited to leverage growing trade opportunities between Europe and Africa.<\/p>\n

Also, it underscores the Access Group\u2019s commitment to driving global trade, financial integration, and supporting businesses across these regions.<\/p>\n

Managing Director\/Chief Executive Officer of Access Bank Plc, and CEO of the Banking Group, Roosevelt Ogbonna said, \u201cBy establishing operations in Malta, we will gain a foothold in a market that bridges European and North African economies, moving us one step closer to our goal of becoming Africa\u2019s Gateway to the World.<\/p>\n

\u201cIt further enhances our Bank\u2019s capacity to support clients with innovative solutions tailored to cross-border trade and investment opportunities,\u201d he said.<\/p>\n

Jamie Simmonds, Founding Chief Executive Officer and Managing Director of The Access Bank UK Limited, said, \u201cEurope has emerged as Africa\u2019s leading trading partner, driven by initiatives such as the Economic Partnership Agreements between the EU and African regions and the African Continental Free Trade Area (AfCFTA).<\/p>\n

\u201cWith Europe-Africa economic relations entering a new phase, The Access Bank Malta Limited is ideally positioned to deepen trade and meet the financing and banking needs of our clients in these expanding markets,\u201d he said.<\/p>\n

Renald Theuma, Managing Director and Chief Executive Officer of The Access Bank Malta Limited while emphasising the significance of this expansion noted that, \u201cMalta is uniquely positioned as a bridge between Europe and Africa, making it an ideal location for our subsidiary.<\/p>\n

\u201cThis move allows The Access Bank Malta Limited to engage more closely with customers in Europe and deliver tailored financial solutions that drive growth and connectivity across both continents.<\/p>\n

\u201dThe Access Bank Malta Limited will focus on international trade finance, employing approximately 30 people in its initial phase, with plans for controlled expansion over time,\u201d\u00a0he\u00a0added.<\/p>\n<\/div>\n

Editor
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COMFORT EKELEME, Business Editor Access Holdings Plc said its banking group\u2019s, subsidiary, The Access Bank UK Limited has established its first fully owned subsidiary in Malta, The Access Bank Malta Limited. The banking licence application has been approved by both the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA), signalling a significant<\/p>\n","protected":false},"author":1,"featured_media":824125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4397,48386],"tags":[10147,10570],"class_list":{"0":"post-824124","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-access","8":"category-strengthens","9":"tag-access","10":"tag-strengthens"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/824124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=824124"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/824124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/824125"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=824124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=824124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=824124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}