Top Nigerian Bank Looks to Deals to Drive Geographic Expansion
- Access Bank considers US, France, Malta for expansion
- Lagos-based lender details plans in five-year strategy filing
Customers use ATMs outside an Access Bank branch in Lagos, Nigeria.
Photographer: Damilola Onafuwa/BloombergThis article is for subscribers only.
Access Bank Plc, Nigeria’s biggest lender by assets is considering acquisitions as it looks to expand operations to 26 countries over the next five years, up from 16 currently.
The Lagos-based lender plans to enter new markets including the US, France, Hong Kong and Malta, as well as African countries such as Namibia, Angola, Ethiopia and Egypt it said in five-year strategy presentation posted on the website of the Nigerian Exchange.