• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, July 31, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Access Bank UK Acquires Mauritius-based AfrAsia Firm

by BUKOLA ARO-LAMBO
9 months ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

The United Kingdom arm of Access Holdings Plc, The Access Bank UK Limited has entered into a binding agreement to acquire a majority equity stake in AfrAsia Bank Limited, the Republic of Mauritius’ third largest bank by total assets.

Advertisement

Mauritius, renowned for its robust financial services sector which contributes 13.4 per cent to its Gross Domestic Product, provides Access UK with a solid foundation to expand its operations in the high-growth personal and corporate banking segments.

Access Bank will utilise Mauritius as a strategic hub for trade finance and regional connectivity, thereby enhancing its capacity to facilitate cross-border transactions across Africa and beyond. The transaction represents a transformational step forward for the Access UK and the overall Access Holdings’ banking franchise. At the end of its fiscal year ended June 30, 2024, AfrAsia Bank recorded Total Assets of more than $5.7 billion and Net Profit After Tax of $152.4 million.

 

Commenting on the acquisition, managing director and Chief Executive of Access Bank Plc, Roosevelt Ogbonna, CEO of the Banking Group said the acquisition “marks a pivotal moment in our African growth strategy, reinforcing our position as a leading Pan-African financial institution.

RELATED

JUST-IN: Aviation Minister Sacks All FAAN, NAMA, NCAA, NSIB, NiMET Directors

Federal Gov’t Okays ₦920bn To Rebuild Lagos Airport, 6 Other Aviation Projects

3 minutes ago
Emir Of Gudi Dies In Abuja

Emir Of Gudi Dies In Abuja

16 minutes ago

 

“Mauritius offers immense potential as an international financial hub, and through AfrAsia Bank, we are excited to unlock new opportunities to drive trade, support businesses, and foster economic inclusion across the region as we continue our mission to be the World’s Most Respected African Bank.”

 

Also, managing director of the Access Bank UK, Jamie Simmonds,  noted that “with a strong balance sheet and a well-established brand in Mauritius, AfrAsia Bank provides us with a sustainable platform to scale and achieve long-term profitability. The deal aligns with our strategy to diversify and future-proof our earnings; and offer bespoke solutions enabling our clients to access global markets with ease.”

 

The Access Bank UK said it remains focused on fostering sustainable growth and delivering innovative financial solutions that empower businesses and individuals, while advancing intra- and inter-African trade, unlocking opportunities, and contributing to its economic transformation. Access Bank UK remains committed to providing innovative financial solutions and fostering trade relations between Africa and the rest of the world.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Access bank
SendShareTweetShare
Previous Post

NCC To Streamline Telecom Plans, Limits Operators To 7 Tariff Options

Next Post

SEC’s Investment Bill Proposes N20m Fine, Jail Terms For Ponzi Operators

BUKOLA ARO-LAMBO

BUKOLA ARO-LAMBO

You May Like

JUST-IN: Aviation Minister Sacks All FAAN, NAMA, NCAA, NSIB, NiMET Directors
News

Federal Gov’t Okays ₦920bn To Rebuild Lagos Airport, 6 Other Aviation Projects

2025/07/31
Emir Of Gudi Dies In Abuja
News

Emir Of Gudi Dies In Abuja

2025/07/31
Tinubu Names Majekodunmi As Climate Change Council DG
News

Tinubu Names Majekodunmi As Climate Change Council DG

2025/07/31
PICTORIAL: INEC Tasks State Electoral Commissions On Credible Local Gov’t Polls
News

PICTORIAL: INEC Tasks State Electoral Commissions On Credible Local Gov’t Polls

2025/07/31
,National Identification Number
News

SIM Registration: NIMC Grants Telcos Access To Verify Subscriber’s NIN

2025/07/31
Edun Hails Adeniyi, Says Customs Contribution Crucial For Actualising N49trn 2025 Budget
News

JUST-IN: Why Tinubu Extended Customs CG Tenure — Presidency

2025/07/31
Leadership Conference advertisement

LATEST

Federal Gov’t Okays ₦920bn To Rebuild Lagos Airport, 6 Other Aviation Projects

Emir Of Gudi Dies In Abuja

Peter Obi Has Better Chance To Defeat Tinubu In 2027, Says El-Rufai’s Son

Tinubu Names Majekodunmi As Climate Change Council DG

PICTORIAL: INEC Tasks State Electoral Commissions On Credible Local Gov’t Polls

SIM Registration: NIMC Grants Telcos Access To Verify Subscriber’s NIN

JUST-IN: Why Tinubu Extended Customs CG Tenure — Presidency

Police Nab Notorious Kidnappers In Delta

Affluent Nigerian Families Eye Abu Dhabi, Doha, Singapore For Wealth Security – Report

We’re Negotiating To Keep Hospitals Open, Nurses On Duty, Says Federal Gov’t

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.