Access Bank UK Expands Footprint with New Hong Kong Bran…Becomes First W’African Bank in Asian Country

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The Access Bank UK Limited is proud to announce the official opening o fits Hong Kong branch (arestrictedlicencebank) today.Thisexpansionrepresentsakeymilestoneinthebank’sglobalgrowth
strategyandunderscoresourcommitmenttoservingclientsintheAsia-Pacific region.

 

The launch of the Hong Kong branch establishes The Access Bank UK Limited as

The first West African bank to enter the territory, a ground breaking move to facilitate

And accelerate trade flows between Asia and Africa .As a leading international

Financial centre and gateway to Asia, Hong Kong is ideally positioned to become a

Strategic hub strengthening trade and connectivity between the region and Africa.

Through our presence in Hong Kong, the Access Bank UK Limited will capitalize on

The expanding economic partnership between Asia and Africa, supporting the

Increasing flow of trade between these region

Photo 1

L-R: Mojalefa Mogono, Consulate General of South Africa in Hong Kong & Macau; Jamie Simmonds, CEO/MD, The Access Bank UK Limited; Oludare Folowosele, Consulate General of the Federal Republic of Nigeria in Hong Kong & Macau; Roosevelt Ogbonna, Managing Director/Chief Executive Director, Access Bank Plc; Baher Sheweikhi, Consulate General of Egypt in Hong Kong & Macau, and Ernest Law, Managing Director & Chief Executive, The Access Bank UK  Limited, Hong Kong Branch, during the launch of the branch in Hong Kong… recently.

 

Opening this branch in Hong Kong is a pivotal step in our international expansion .As

The first West African bank to establish a presence here, it signifies a major

Achievement .With the continued growth of our parent company across Africa, the

Resilience of the Nigerian economy, and long-standing trade ties, Hong Kongserves

as the ideal gateway for trade between Asia and Africa

Speaking at the ceremony, Ambassador Oludare E. Folowosele, Consul General
of the Consulate General of The Federal Republic of Nigeria, said, “I am
delighted to celebratetoday the openingof a Restricted LicenceBank in HongKong
inthenameofTheAccessBankUKLimited.Thisisahugemilestoneinthe
development of trade flows between Asia and Africa as the first West African banking
grouptoattainthisstatus.ThisalsoalignsperfectlywellontotheBeltandRoad
initiativesbetweenChinaand Africawhereweseegrowingpotentialsforbusiness
flows between the two countries.”

Photo 2

L-R: Ernest Law, Managing Director & Chief Executive, The Access Bank UK Limited, Hong Kong Branch; Roosevelt Ogbonna, Managing Director/Chief Executive Director, Access Bank Plc, and Jamie Simmonds, CEO/MD, The Access Bank UK Limited, at the launch of The Access Bank UK, Hong Kong Branch in Hong Kong… recently.

 

Jamie Simmonds, Founding Chief Executive Officer & Managing Director of

The Access Bank UK Limited, expressed his commitment for this strategic

Initiative, saying,”Inrecentyears, Asia has emerged as Africa’slargesttrading

regiondrivenbyprogramsliketheBeltandRoadInitiative.In2023, China-Africa

Tradereachedanall-timehighofUSD282.1billion, reflectinga1.5%year-on-year

growth. As Asia-Africa economic relations enter a new phase, the timing of our Hong

Kong branch launch is ideal to meet the financing and banking needs of our clients in

these expanding markets.”

 

ErnestLaw, Managing Director& Chief Executive of The   Access Bank UK

Limited – Hong Kong Branch, commented, “We are delighted to establish the Hong

Kong branch as a key element of The Access Bank UK Limited’s ongoing growth an

internationalexpansionstrategy.Thisnewbranchwillenableustoengagemore

closely with our clients in Hong Kong and strengthen our capacity to provide tailored

financial solutions across the region.”

 

The Access Bank UK Limited – Hong Kong Branch, headed by Ernest Law, will focus

oninternationaltradefinanceandcommercialbanking.TheHongKongbranchis

expectedtoinitiallyemploycirca25peoplehoweverthiswillgrowwithcontrolled

expansion over time.

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