Access Bank, a leading Nigerian multinational commercial bank, is poised to establish a presence in the Caribbean, aiming to improve local access to financial services while expanding digital offerings. Aigboje Imoukhuede, Chairman of Access Holdings headquartered in Lagos, revealed these intentions at the recent African Export-Import Bank (Afreximbank) Annual Meetings held in The Bahamas. He highlighted the challenges Caribbean residents face in accessing financial services and pledged that Access Bank would address these gaps.
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Ranked among Nigeria’s top five banks in terms of assets, loans, deposits, and branch network, Access Bank plans to leverage its extensive experience and resources to benefit the Caribbean market. While specific details about the launch date and location of the new branch were not disclosed, Imoukhuede assured stakeholders that the bank’s entry would significantly enhance digital infrastructure and streamline banking processes in the region.
Imoukhuede emphasized the importance of adapting to local market needs, stating, “When Access Bank goes into markets, we become just like everyone else in that market. If we go to Ghana, we become Ghanaians; if we go to Barbados, we become Barbadians.” This commitment underscores Access Bank’s strategy to integrate seamlessly into Caribbean communities, understanding and meeting the unique financial requirements of its diverse customer base.
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With a robust network spanning three continents, 12 countries, and serving 36 million customers globally, Access Bank is well-positioned to introduce tailored financial solutions across the Caribbean. Imoukhuede’s remarks at the conference reflected a strong commitment to inclusivity and responsiveness, promising a transformative impact on regional banking landscapes.
Access Bank’s expansion initiative marks a significant step towards enhancing financial inclusion and digital innovation in the Caribbean, aligning with its broader mission to empower communities through accessible and efficient banking solutions.
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Source: Barbados Today
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