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Access Bank plans to enter the US market by the first quarter of 2026, strengthening its global expansion with the drive to become a truly African global bank. This was announced by the Group CEO, of Access Bank Plc, Roosevelt Ogbonna.
Access Bank plans to enter the US market by the first quarter of 2026, strengthening its global expansion with the drive to become a truly African global bank. This was announced by the Group CEO, of Access Bank Plc, Roosevelt Ogbonna. He stated that the financial institution is poised to become a truly African global bank as it has penetrated into London, Hong Kong, and Paris markets.
Ogbonna said that Access Bank to play in critical sectors, has to utilise trade and payments on the continent. So, the bank has started something one refers to as an aggregator strategy. There is no point in being a pan-African banker when one has zero impact. So, it is very clear to the bank that in every market, it has to compete locally and be a dominant bank in the local market. According to him, it is relevant to build scale in those markets on the backdrop of employing local talents, impacting the local economy, and working with the local governments or the sovereigns in those markets to make an impact.
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Access Bank is targeting markets where there is a rule of law and respect for contracts; markets where there’s investor openness and friendliness; markets where the quality of education and skill is sufficient, and markets where there is significant trading amongst themselves. With international banks pulling out, there has to be a local bank, a local African bank who is local in every market that takes significant advantage of those opportunities in African free trade.
