Access Holdings Plc, the parent company of The Access Bank UK Limited, has achieved a significant milestone with the establishment of its first fully-owned subsidiary in Malta, The Access Bank Malta Limited.
The banking license, granted by the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA), solidifies Access Holdings’ position as a key player in enhancing trade connectivity between Europe and Africa.
The Access Bank Malta Limited positions Malta, a renowned international financial hub and strategic link between Europe and Africa, as a cornerstone for bolstering economic ties across the continents. The subsidiary will focus on international trade finance, initially employing 30 professionals, with plans for measured growth to meet the increasing demand for cross-border financial solutions.
Roosevelt Ogbonna
Roosevelt Ogbonna, Group Managing Director and CEO of Access Bank Plc, highlighted the strategic value of this move: “Establishing operations in Malta enables us to bridge European and North African economies, bringing us closer to our goal of becoming Africa’s Gateway to the World. This expansion enhances our ability to support clients with innovative solutions tailored to cross-border trade and investment opportunities.”
Jamie Simmonds, Founding CEO of The Access Bank UK Limited, added: “Europe is Africa’s largest trading partner, and initiatives like the African Continental Free Trade Area (AfCFTA) are unlocking new opportunities. The Access Bank Malta Limited is ideally positioned to deepen trade and meet the evolving needs of our clients.”
Renald Theuma, Managing Director and CEO of the Malta subsidiary, emphasized Malta’s unique role as a bridge between the two regions: “Malta’s position as a gateway allows us to deliver tailored financial solutions that drive connectivity and growth across Europe and Africa.”
This expansion reflects Access Holdings’ broader mission to foster global trade and financial integration. By leveraging Malta’s strategic position, Access aims to unlock trade potential, reinforce economic partnerships, and strengthen its role as a facilitator of international commerce.
Founded in 2022, Access Holdings operates through a robust portfolio of subsidiaries across banking, pensions, insurance, and fintech. Its flagship subsidiary, Access Bank Plc, serves over 60 million customers across three continents and is a leader in Africa’s financial landscape. With its commitment to sustainable growth, Access Holdings continues to drive innovation and economic empowerment in its markets.
The launch of The Access Bank Malta Limited marks a transformative chapter for Access Holdings, reinforcing its vision of becoming Africa’s leading financial gateway to the world.
