Access Bank Secures Provisional Licence in Namibia

 Access Holdings Plc (‘Access Holdings’) is pleased to   inform   the   investing   public   and   the   Nigerian   Exchange   Ltd   that   its   flagship subsidiary, Access Bank Plc (‘Access Bank’ or ‘the Bank’) has obtained a provisional licence from the Bank of Namibia to establish a commercial bank in Namibia.Commenting   on   the   development,  Roosevelt   Ogbonna,   Managing   Director/Chief Executive Officer of Access Bank PLC, said: “This expansion represents an important milestone towards establishing a railroad in  Namibia for intra-African trade within the Southern African region, Africa, and the rest  of the world. It cements our commitment to building a robust Southern African banking  network   to   deliver   shared   prosperity   and   advance   financial   inclusion   thereby  empowering many to achieve their dreams.“Our entry into  the  Namibian market  also represents a  pivotal  step in  our broader  ambition   to   build   a   strong   global   franchise   and   will   unlock   new   opportunities   for  businesses and individuals alike. We look forward to partnering with local stakeholders  to   drive   innovation,   empower   communities,   and   contribute   meaningfully   to   the  prosperity of the region.We remain confident that our investments towards diversifying and strengthening the  Bank’s  long-term earnings  profile   will   deliver   significant  value to  our   shareholders,  customers, and wider stakeholder groups”Access Bank’s operations in Namibia is expected to stimulate the local economy and strengthen   its   position   as   a   leading   regional   player.   With   existing   operations   in Southern Africa – Angola, Botswana, Mozambique, South Africa, and Zambia – the Bank is well-positioned to offer stakeholders seamless access to diverse opportunities for expansion and collaboration across the region. The Bank will be working in the coming months to fulfil the conditions precedent to the grant of final licence and will keep the market informed.

SUNDAY EKWOCHI

COMPANY SECRETARY