Access Bank, Nigeria's Largest Lender, Aims for Asian Expansion in 2024 šš¼
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Access Bank, Nigeria's financial giant with $26.5 billion in assets, is set to conquer new territories by opening a subsidiary in Asia in early 2024. The move aims to serve the region, Access Bank's largest non-African trading partner, signaling a strategic push onto the global stage. Chairman Hebert Wigwe emphasizes the importance of being a global player to prevent Africa from being cut off from the world's financial system.
š Nigeria's Access Bank plans to expand into Asia, eyeing approval from regulators by late 2023.
š° With $26.5 billion in assets, the move follows the bank's goal to become a global player and prevent Africa's isolation from the global financial system.
š Access Bank's expansion mirrors the footsteps of other African entities like Standard Bank and TymeBank, seeking opportunities and influence beyond the continent.
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