Access Bank PLC CompletesAcquisition of Standard Chartered Bank Angola

  

S.A.and Standard Chartered Bank (Sierra Leone)Limited

Lagos Nigeria-November 27, 2024: Further to our July 14, 2023 announcement 

regarding the above subject,Access Holdings PLC(‘Access Holdings’ or ‘the 

Company’) is pleased to announce that its flagship subsidiary, Access Bank PLC

(‘Access Bank’ or ‘the Bank’) has completed the acquisition of Standard Chartered 

Bank Angola S.A and Standard Chartered Bank (Sierra Leone]Limited (‘the 

Acquisitions’).

Commenting on the completion milestone, Roosevelt Ogbonna, the MD/CEO of 

Access Bank PLCand CEO of the Banking Group said:

‘We are pleased to have successfully concluded 2 important acquisitions in Angola 

and Sierra Leone, affording us synergies to strengthen the quality of our earnings from 

both countries by significantly growing our share of the Corporate and SME banking 

in the two markets. The combinations represent another significant step towards our 

broader vision of becoming the Worlds Most Respected African Bank.’

The parties are working on the completion of transactions that would see Access Bank 

acquire Standard Chartered Bank’ssubsidiaries in Cameroon, the Gambia and its 

Consumer, Private and Business Banking business in Tanzania. 

Access Holdings shall continue to make disclosures as and when required.

SUNDAY EKWOCHI

COMPANY SECRETARY