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Access Bank to increase growth this year

Access Bank to increase growth this year

Managing Directors and top management members from eight countries within the Access Bank Group converged on Accra for a two-day retreat to position the bank for further growth within its various markets.

The retreat, which was attended by about 70 executives, set the tone for all subsidiaries of the bank to mirror the leadership exhibited by the parent company in Nigeria to help it join the league of top tier banks in all its markets.

Currently ranked among the top 20 banks in Africa in terms of assets and capital, Access Bank Plc has expanded its global footprint in the last 10 years beyond Nigeria and now has presence in Ghana, The Gambia, DR Congo, Rwanda, Zambia, the United Kingdom and more recently China. 

The expansion is to provide innovative financial services to customers across sub-Saharan Africa and beyond. The bank is reputed as a catalyst for socio-economic growth on the continent due to its support and strategic partnerships with governments, private sector companies and communities to improve access to financial services.

The group recently launched a five-year strategy to drive its vision of becoming “the world’s most respected African Bank” by 2018, the bank said in a statement issued at the end of the retreat in Accra.

Commenting on the event, the Group Deputy Managing Director of Access Bank Group, Mr Obinna Nwosu, said “Today Access Bank’s leadership position has been validated by global rating agencies, which has enabled the bank to form many strategic alliances with multilateral financial institutions around the world.”

He said the recent opening of a representative office in China was consistent with their strategy to take the franchise beyond Africa and to guarantee the growth and sustainability required to build an African powerhouse capable of competing in the global marketplace.

The Managing Director for Access Bank Ghana, Mr Dolapo Ogundimu, explained the choice of Ghana to host the event and said, “Ghana was an important market within the Access Bank Group.

“We are happy to have hosted our colleagues from the various countries. The retreat has provided a platform for interaction that is necessary for organisational cohesion and a better appreciation of group expectations”. 

Access Bank’s operations have been re-aligned along corporate, commercial, business and personal banking. 

“Within the next five years, the Access Bank Group is focused on growing its share of the retail banking sector in all the markets where it operates, as it consolidates its dominance in corporate banking,” the bank added.

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