Herbert Wigwe, GMD/CEO

Access Bank takes bold step, officially opens in South Africa

Nigeria’s giant financial institution, Access Bank Plc has officially launched its operations in South Africa.

This clearly another giant step in furthering Access Bank Plc’s footprint across the continent.

Access Bank Chief Executive Officer, Herbert Wigwe, said in a statement that the Southern African Development Community represented the strongest economy in Africa.

Nigeria-listed Access Bank is a leading full-service commercial bank operating through a network of more than 600 branches and service outlets, spanning three continents, 12 countries and 31 million customers.

It employs 28 000 people in its operations in Nigeria and has subsidiaries in sub-Saharan Africa and the UK, with a branch in Dubai, United Arab Emirates, and representative offices in China, Lebanon and India.

Following a merger with Diamond Bank in March 2019, Access Bank, with more than 900 000 shareholders, became one of Africa’s largest retail banks by retail customer base.

Wigwe said the opening in South Africa meant Access Bank SA was now firmly seated in one of the principal geographical areas apart from Nigeria, in terms of the size of the economy.

Highlighting Access Bank’s presence in Zambia, he said the opening of the South African subsidiary cemented the bank’s commitment to sub-Saharan Africa as a portal for banking opportunities across the continent.

Access Bank SA chief executive Bennie van Rooy said yesterday was “an exciting event for the South African banking industry”, and the provision of sustainable support to existing customers while appealing to new clients with a business presence across Africa.

“As part of the robust Access Bank family, the South African operations look forward to contributing meaningfully to the achievements and ambitions of the group. In offering a full suite of financial service products to a market we understand in depth, Access Bank SA is delighted to grow the family footprint.”

Wigwe said the group’s focus was on building relationships, as a partner in businesses and in the communities it served. “It’s vital that our banking solutions give clients the advantage they need to grow sustainably, with access to smart solutions that help them reach greater goals.”

With its transactional account and online banking, commercial and asset finance, offshore investments and foreign exchange requirements or deposit solutions, Access Bank put the power of choice in clients’ hands, he said.

“We look forward to the opportunities that present themselves with opening doors for individuals and businesses, and growing possibilities as we go,” said Wigwe.

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