Access Holdings Plc has announced that its banking subsidiary, Access Bank UK Limited, has established its first fully owned subsidiary in Malta.
The new entity, Access Bank Malta Limited, has received licensing approvals from both the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA).
This strategic expansion aims to enhance trade connectivity between Europe and Africa, leveraging Malta’s position as an international financial hub. The move underscores Access Bank’s commitment to driving global trade, financial integration, and supporting businesses across these regions.
Managing Director and CEO of Access Bank Plc, Roosevelt Ogbonna, stated that establishing operations in Malta will help the bank gain a foothold in a market that bridges European and North African economies.
The subsidiary will focus on international trade finance and plans to employ approximately 30 people in its initial phase.
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