• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, October 7, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Access Holdings Targets 51% Stake In Angolan-based Bank

byOlushola Bello
3 years ago
inBusiness
ACCES
Share on WhatsAppShare on FacebookShare on XTelegram

Access Holdings Plc has announced that its wholly owned subsidiary, Access Bank Plc has entered into a binding agreement with Montepio Holding SGPS S.A (Montepio) to acquire a 51 per cent majority shareholding in Finibanco Angola S.A.

Advertisement

This was made known in a release signed by the Access Holding company secretary, Sunday Ekwochi on the Nigerian Exchange (NGX) Limited.

According to the release, Finibanco Angola S.A.  is a profitable, well-capitalised full-service commercial bank with over 20 branches and around $300 million in total assets that has operated in Angola since 2008. The Transaction will be effected via the purchase of existing shares owned by Montepio-the holding company for Banco Montepio, one of Portugal’s well-established commercial banks.

Advertisement

“The Angolan market as the sixth largest economy in Africa and the seventh largest country overall, with a vast and diversified natural resource base and a growing population represents a strong potential for the Bank’s growth aspiration.”

Access Holdings said that “the transaction furthers the Bank’s strategy to be Africa’s payment gateway to the world whilst working with other Africa-focused multilaterals to provide robust and efficient payment platforms and ecosystems to serve the continent.

 

RELATED NEWS

Salpha Energy Powers 2m Households, Businesses With Homegrown Solar Innovation

Respite As Major Marketers Begin loading Cooking Gas From Nigeria Liquefied Natural Gas Limited

FirstBank Strengthens Partnerships Through Distributor Finance Scheme

Ecobank Unveils Upgraded Mobile App For Smarter Banking

Join Our WhatsApp Channel

SendShare10172Tweet6357Share
Olushola Bello

Olushola Bello

OTHER NEWS UPDATES

Salpha Energy Powers 2m Households, Businesses With Homegrown Solar Innovation
Business

Salpha Energy Powers 2m Households, Businesses With Homegrown Solar Innovation

2 hours ago
UTM Offshore’s FLNG Project Gets Global Recognition
Business

Respite As Major Marketers Begin loading Cooking Gas From Nigeria Liquefied Natural Gas Limited

3 hours ago
4th Digital Xperience Centre To Enhance Banking Services – First Bank
Business

FirstBank Strengthens Partnerships Through Distributor Finance Scheme

3 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

NAHCON Hails Tinubu, Shettima For Slashing 2026 Hajj Fares

2 hours ago

BBNaija10: ‘Kaybobo Likes Me, But I Likes Faith,’ N150m Prize Winner Imisi Opens Up

2 hours ago

Nigeria, SSA Face Urgent Jobs Crisis As World Bank Warns Of 600m New Workers

2 hours ago

Kwara Says No LGA Is Under Bandits’ Control, Accuses Peter Obi Of Spreading Fake News

2 hours ago

Salpha Energy Powers 2m Households, Businesses With Homegrown Solar Innovation

2 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

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

© 2025 Leadership Media Group - All Rights Reserved.