Access Holdings Plc has announced that its banking subsidiary, Access Bank UK Limited, has launched The Access Bank Malta Limited, a fully owned subsidiary based in Malta, marking a significant step in enhancing trade connectivity between Europe and Africa.
The new entity has received its banking license from the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA). The approval positions Access Bank Malta Limited as a key player in fostering Europe-Africa trade flows.
Malta’s reputation as an international financial hub and its strategic location make it an ideal gateway for strengthening economic ties between the two continents.
With this expansion, The Access Bank UK Limited aims to capitalise on growing trade opportunities, deepen financial integration, and provide robust support to businesses operating across Europe and Africa.
This development underscores the Access Group’s commitment to advancing global commerce and fostering economic partnerships between Europe and Africa.
This strategic expansion into Malla enables The Access Bank UK Limited to leverage growing trade opportunities between Europe and Africa. It underscores the Access Group’s commitment to driving global trade, financial integration, and supporting businesses across these regions.
Roosevelt Ogbonna, Managing Director and Chief Executive Officer of Access Bank Plc and CEO of the Banking Group said, “By 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’s Gateway to the World. It further enhances our Bank’s capacity to support clients with innovative solutions tailored to cross-border trade and investment opportunities.”
On his part, Jamie Simmonds, Founding Chief Executive Officer and Managing Director of The Access Bank UK Limited, commented: “Europe has emerged as Africa’s 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). With Europe-Africa economic relations entering a new phase, The Access Bank Malta Limited is ideally positioned to deepen trade and meet our clients’ financing and banking needs in these expanding markets.”
Also speaking, Renald Theuma, Managing Director and Chief Executive Officer of The Access Bank Malta Limited, emphasised the significance of this expansion: “Malta is uniquely positioned as a bridge between Europe and Africa, making it an ideal location for our subsidiary. This move allows The Access Bank Malta Limited to engage more closely with European customers and deliver tailored financial solutions that drive growth and connectivity across both continents.”
Access Bank Malta Limited will focus on international trade finance, employing approximately 30 people in its initial phase and planning controlled expansion over time.
