Access Bank, a leading Nigerian financial institution, has announced a significant expansion into the East African market with the acquisition of an 80% stake in Finance Trust Bank in Uganda. This strategic move positions Access Bank for further growth within the East African Community trading bloc while reinforcing its commitment to financial inclusion across the continent.
The acquisition of Finance Trust Bank, a prominent Ugandan lender with a strong focus on serving women, will leverage Access Bank’s extensive network and robust technology platform to enhance service offerings and expand financial access to a broader segment of the Ugandan population.
“This acquisition marks a significant milestone in Access Bank’s regional expansion strategy,” said Roosevelt Ogbonna, Managing Director of Access Bank. “By leveraging the strengths of both institutions, we aim to drive financial inclusion, foster innovation, and deliver superior value to our customers in Uganda and beyond.”
This strategic move follows Access Bank’s recent acquisition of African Banking Corporation Zambia, further solidifying its presence in the African market.
