Access Bank UK, a subsidiary of Access Holdings Plc, has been granted a license by the Hong Kong Monetary Authority to commence operations in Hong Kong, marking a significant expansion in its global footprint. 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.
The authorization for Access Bank UK to begin its operations in Hong Kong comes as the institution aims to leverage the city's position as a pivotal financial hub for cross-border trade facilitation between Africa and Asia.
It operates over 700 branches worldwide, serving more than 60 million customers through both physical locations and digital platform integration. The bank employs upwards of 28,000 staff members and has been listed on the Nigerian Stock Exchange since 1998.
As part of its business strategy, Access Bank addresses various market segments through corporate and investment banking, among other services.
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